Coal mine developer GCM Resources (LON: GCM) says recent Bangladesh government statements are positive, and the government is finalising its national energy mix policy with coal likely to be a part of the mix. The share price soared 336% to 17p, but there is still a lot to achieve before this becomes a truly commercial project. The share price rise sparked the exercise of warrants at 6p each which raised £60,000.
Vast Resources (LON: VAST) shares have returned from suspension following the completion of the reverse takeover of Gulf International Minerals. The sellers own 80.2% of the enlarged company. This brings a 49% interest in the Aprelevka joint venture, which has four mining licences in the Tien Shan gold belt. These produce 11,000 ounces of gold and 130,000 ounces of silver each year from mining and tailings. There was £7.8m raised at 6.25p/share following a 25-for-one share consolidation. The share price reached 6.375p initially, but fell back to 4.4p, which is 46.7% higher than the adjusted suspension price of 3p.
M2G boiler optimisation technology provider Sabien Technology (LON: SNT) says discussions continue with Haydale (LON: HAYD) and Intelligent Resource Management about a UK distribution agreement. The previously announced investment and financing framework will not go ahead. This means that the Strategic investor group will not buy the Richard Parris shareholding. His group will continue to provide financial support to the company. Non-core activities are being reviewed. The Sabien Technology share price rebounded 36.4% to 3.75p. Haydale shares are 2.7% ahead at 0.285p.
Andrada Mining (LON: ATM) has definitive agreements with two Namibian financial institutions for two Namibian $49m loan facilities. The cash will finance the construction of the ore sorting circuity for the Uis tin mine. This should increase tin concentrate output by up to 70% to up to 1,900t per annum of contained tin. The share price gained 24.4% to 5.66p.
FALLERS
Energy as a service provider eEnergy (LON: EAAS) has been hit by delays to payments of £3.2m relating to completed work on the Mace project. Paperwork is still being completed. The company has agreed to an extension to the repayment of the £500,000 owed to Harwood Holdco to February 2027. An additional £500,000 loan is being provided by former director Nigel Burton. The share price dived 23.1% to a new low of 2p.
Marketing intelligence provider Pulsar Group (LON: PULS) is talking with HMRC about the timing of VAT and PAYE payments. The remaining amounts should be settled from cash generation. The trading position is stable. The share price declined 21% to 24.5p.
Mercantile Ports & Logistics (LON: MPL) continues to put its case to the National Company Law Tribunal in the hearing relating to Karanja Terminal & Logistics. Creditors rejected the company’s proposals and approved different ownership of Karanja. However, Mercantile argues that the offer was accepted before its own proposals were annulled. The port handled 1.2 million MT of cargo in 2025, compared to 1.33 million MT in the previous year. The company’s net debt is £49.6m. The share price slipped 18.9% to 1.5p, although it is still 400% higher this year.
Jangada Mines (LON: JAN) has completed phase 1 drilling at the Molly gold project in Brazil and it has discovered bonanza gold grades at the Vivi target. This is a major new target. The potential resource is 130,000 ounces of gold and this is likely to increase. There is £1m in the bank to finance the next phase. The share price fell 17.6% to 0.7p.