Nativo Resources (LON: NTVO) has signed a binding letter of intent with Chancery Royalty for a funding package that will enable construction and the commencement of production at the La Patona gold processing plant in Acari, Peru. There is project finance of $3.5m drawn at $500,000 each month and a share subscription of £600,000 at 0.21p/share invested in two tranches. Chancery Royalty will receive a 6% gross revenue share on La Patona gold up to 3,034 troy ounces, and 1.5% after that. It will also have 142.9 million warrants exercisable at 0.32p/share. Zeus estimates dilution of 17% following this deal. The share price jumped 95% to 0.39p.
Digital advertising services provider Dianomi (LON: DNM) is recommending a bid from performance advertising service provider Taboola Europe. The offer is 64p/share in cash and a contingent consideration unit that could be worth up to 24p/share. The initial cash consideration is worth £19m. The two companies have complementary media relationships. The contingent consideration is based on existing Dianomi publisher clients signing up for new agreements. The share price rebounded 69.7% to 64.5p. The May 2021 placing price was 273p.
Online consumer goods retailer Huddled Group (LON: HUD) has introduced live, presenter‑led shopping formats. This helps to differentiate Huddled from other surplus stock retailers. Fulfilment is linked to live orders, and qualified orders are delivered the next day. Additional products will be added and eBay live launched over the coming weeks. The share price recovered 10% to 0.55p.
Galileo Resources (LON: GLR) says completion of the $3m sale of two Kalahari copper licences should happen by the end of September. The share price increased 7.14% to 0.75p.
Cadence Minerals (LON: KDNC) has raised £1.8m at 4.5p/share to invest in infrastructure and feed-studies for the Azteca project. A retail offer could raise up to £450,000. Azteca is a processing plant on the 36.2% owned Amapa iron ore project. The commissioning has started and Cadence Minerals is targeting approximately 380,000 tonnes a year of approximately 65% Fe concentrate. Optimisation studies could lower costs. The share price gained 5% to 5.25p.
FALLERS
Retailer Mothercare (LON: MTC) says trading in the Middle East has got tougher. Alshaya is the franchise partner in the region and contributed 28% of revenues last year. Alshaya is considering closing a majority of its 62 stores. Mothercare will cut costs and is reviewing its model. The share price slumped 71.2% to 0.225p.
Petrel Resources (LON: PET) is examining new oil and gas opportunities outside of Iraq and Ghana. Net liabilities were £1.04m at the end of June 2026. The share price declined 10.5% to 0.85p.
Serval Resources (LON: SRVL) is changing its year end from November to December and the accounts will be 13 months to December 2026. The share price dipped 1.96% to 30p.