Oriel Resources (LON: ORR) is about to commence drilling at the 85%-owned Wapouze limestone project in Cameroon. It will target outcropping limestone/marble units that have previously been classified as high-grade carbonate material. BCM International will cover $120,000 of drilling costs in return for 24.4 million shares issued at 0.36p each. Discussions with other partners continue. The share price gained 8.31% to 0.365p.
Equity Development has initiated research on Halo Minerals (LON: HALO), which extracts minerals from legacy mining waste. The share price improved 8.22% to 9.875p.
Geo Exploration (LON: GEO) says initial results from airborne surveys have identified a new high priority target at the Gorge project in Western Australia. It has improved the definition of the previously recognised 5km trend of historical gold mineralisation. New uranium anomalies have been identified. The share price rose 6.25% to 0.1275p.
Neil Partington has taken a 3.54% stake in Caledonian Holdings (LON: CHP). The share price is 6% higher at 2.65p.
Arrow Exploration (LON: AXL) reports positive results from the Icaco-2 vertical well in Colombia. The total net pay is 100 feet, and it is producing 830 barrels/day from the Ubaque formation. The drilling programme has been expanded from five to ten wells with a focus on the northern area of the field. Cash is currently $26.7m. The share price is 3.77% ahead at 27.5p.
FALLERS
Gfinity (LON: GFIN) has raised £250,000 at 0.035p/share and this will help to accelerate the commercialisation of Connected IQ and provide working capital. The share price dived 28% to 0.036p.
University technology investor Frontier IP (LON: FIPP) has raised £4m at 12p/share and a retail offer could raise up to £400,000. There was £1.6m in the bank at the end of 2025. There are six core holdings in the portfolio and some of these may be nearing realisations. The cash will help to finance near-term opportunities. It will also help to fund development of the company’s new facility which will help to develop new investee companies. Annual overheads have been reduced to £2.5m. The NAV was 52.7p/share at the end of 2025. The share price slumped 25.6% to 12.65p.
A placing by Acuity RM (LON: ACRM) has raised £400,000 at 0.75p/share and a retail offer could generate up to £50,000. The cybersecurity risk management company wants to invest in sales and marketing and development of new AI product Risk OS. The 2025 revenues were flat at £2.1m, but the operating loss fell to £190,000. Cash was £322,000 at the end of 2025. The share price slipped 18.9% to 0.75p.
Switch Metals (LON: SWT) has commenced drilling at the Issia project targeting hard rock tantalum and lithium. Maiden tantalum mineral resource estimate work is at and advanced stage. The share price fell 4.65% to 10.25p.