Empyrean Energy (LON: EME) non-executive director Dr Patrick Cross is stepping down due to ill health. He is a former chairman, and he has been on the board for two decades. He owns 825,000 shares. The oil price has risen this morning. The share price rose by one-quarter to 0.0875p.
AI services provider Insig AI (LON: INSG) says chief executive Richard Bernstein is interested in providing additional funding. He is offering £250,000 at 15p/share with a call option over a further £250,000 at 18p/share. Revenues are expected to more than double this year to around £1.65m. That should be enough to achieve an operating profit. A Nasdaq listing is a possibility. The share price jumped 12.8% to 13.25p, still well below the proposed initial subscription price.
Petards Group (LON: PEG) has won a range of new orders. There are total orders of £500,000 for ANPR equipment and support, a rail order worth more than £500,000 and a £400,000 order for safety equipment for military aerospace operations. The share price increased 10.8% to 10.25p..
Cavendish has upgraded its forecast for medical imaging and analytics provider Ixico (LON:IXI) following a trading statement. Full year revenues will be at least £8m, compared with previous estimates of £7.5m. The forecast loss has been reduced to £2.9m. Year end cash is around £10.2m. The TechBio strategy is to licence the company’s technology to companies that operate in adjacent markets and the first partner has been signed up. This will provide recurring revenues, whereas the rest fo the business can be lumpy. The share price rebounded 10.8% to 9p.
Offtake partner Canmax has converted $629,000 of interest owed into 2.77bn Premier African Minerals (LON: PREM) shares. The issue price is 0.016826p. This maintains the Canmax shareholding at 13.38%. The share price recovered 3.23% to 0.016p.
FALLERS
Clean Power Hydrogen (LON: CPH2) shares have returned from suspension following the finalisation of a fundraising and the price has slumped 89.2% to 1.475p, which is a new all time low. The retail offer raised the £500,000 target at 1.5p/share. The hydrogen technology company had already raised £2.54m from a placing and a further £4.47m has been raised conditionally. That would take the total to £7.5m. The cash will finance the change in strategy to one involving strategic partnerships, licensing and manufacturing agreements. The cash should last at least until June 2027.
Forgent (LON: FORG) has completed the drilling programme at the Peak Hills gold copper project in Western Australia, where it has a 51% interest and could increase this to 99%. There were 40 drill holes and assay results will be reported when received. The share price dipped 16.7% to 0.0145p.
Tekcapital (LON: TEK) investee company Innovative Eyewear is launching products with FYihealth, which has recently launched Visiguard prescription safety eyewear. The deal involves the rollout of Lucyd Armor® smart safety eyewear in 345 stores in Canada. This will start in the current quarter. Innovative Eyewear generated sales of $1.77m in the first half of 2026. The share price declined 14.9% to 4.3p.
Alien Metals (LON: UFO) is acquiring Knox Resources, which owns the Georgina Basin iron-oxide copper gold project in Northern Territory, Australia for £200,000 in cash and shares. The seller will also receive the R&D tax offset received by Knox for the two years up to June 2025. There has already been $4.8m spent on exploration. Vincent Fayad will be appointed an executive director of Alien Metals and Bruce Garlick will move from executive chairman and become non-executive director. The share price fell 4.55% to 0.105p.