Nurzhan Subhanberdin has taken a 8.43% stake in oil and gas company Corcel (LON: CRCL). The share price increased 13.5% to 0.21p.
Anglo Asian Mining (LON: AAZ) says it expects to produce 28,000-33,000 ounces of gold in 2025, compared with 15,073 ounces in 2024. Copper production is expected to rise from 377 tonnes last year to 6,500-6,800 tonnes this year. This could generate $45m-$55m of EBITDA in 2025. The share price rose 6.67% to 120p.
Sovereign Metals Ltd (LON: SVML) says graphite concentrate produced at the Kasiya rutile-graphite project has met or exceeded specifications for use in flame retardants, gaskets, seals and brake linings. Demand for graphite is growing at 6%-8%/year. Sovereign Metals believe it can produce the graphite at an incremental cost of $241/t, while the recent price was $1,140/t. The information will be used for talks with potential offtake partners. Rutile continues to be the primary potential product of the project. The share price is 5.95% higher at 44.5p.
Battery technology developer Gelion (LON: GELN) has been granted three US Lithium-Sulfur patents. A recycling patent application has also been accepted. This improves the purity of metals, such as nickel and cobalt, recovered from waste batteries. The share price improved 5.88% to 13.5p.
FALLERS
Teh Hong Eng Investments Holding Ltd and Meridian Investment Group have lodged a claim against Kropz (LON: KRPZ) relating to The Hong Eng Investments’ right of first refusal to acquire shares in Cominco, which was acquired by Kropz in 2018. Phosphate producer Kropz produced 107,772 tonnes of phosphate concentrate from the Elandsfontein mine in the four months to January 2025, which takes production in the past ten months to 265,623 tonnes. There were sales of 260,843 tonnes in the ten months to January 2025, including initial sales to Europe. This is still a trial production phase. Valuable phosphate nutrient Nanophos has been identified, which could add value to the project. The share price slipped 16% to 0.525p.
X-ray imaging technology developer Image Scan (LON: IGE) was hit by delays to a defence project. That means that interim revenues will be lower than expected, but management believes the company can still achieve full year expectations. The order book is worth £4.5m. The share price dipped 15.5% to 2.45p.
Driver monitoring systems developer Seeing Machines (LON: SEE) says interim revenues will fall slightly to $25.3m, although annualised recurring revenues have risen by 3% to $13.4m. Costs have been reduced so the loss is lower. There was a sharp dip in production of new vehicles using Seeing Machines driving monitoring systems in the second quarter. They fell by one-third compared with the first quarter but were still 28% higher than on year earlier. Minimum payment guarantees are being received. The Guardian aftermarket product sales fell sharply ahead of the next generation launch. The share price fell 12.5% to 3.325p.
A full year trading statement from rail software and services provider Tracsis (LON: TRCS) and interim revenues from continuing activities will be modestly higher at £36.3m. Delays in Network Rail Control Period 7 have hit revenues and margins. There could be further delays to demand from the rail sector as the government consults on the future of Great British Railways. Timing of business wins will affect the ability of Tracsis to meet full year forecasts. There is £22.1m in the bank. The share price declined 7.59% to 365p.