Pulsar Helium (LON: PLSR) says that rumours of a placing are false. Communications circulated by a third-party broker are false and the company is considering legal action. The share price rebounded 8.51% to 91.8p.
Celsius Resources (LON: CLA) has initiated an emergency alternative conflict resolution process to protect its interest in a dispute relating to Sodor Inc’s failure to pay $5m to acquire 60% of Makilala Mining Company and PMR not subscribing for shares in processing company for the MCB project. The application for interim orders will be concluded in early May. Celsius Resources wants Sodor and PMR arrangements relinquished to enable a stake to be sold to another partner. The share price gained 7.41% to 0.725p.
Team Internet Group (LON: TIG) is progressing talks with parties interested in acquiring its domain names business and it is worth more than the current market capitalisation. Previously it was estimated to be valued at £120m. Team Internet Group is talking to fixed income investors about changes to the financing of the group. Trading is in line with expectations. The share price increased 3.13% to 33p, which values the company at £83.7m. Net debt is estimated at $99.6m.
Oil and gas company Ascent Resources (LON: AST) has provided Utah Brine Corporation, 51% owned by Neometals, access to 24 inactive oil and gas wells in the Paradox Basin in Utah. An exploration target has been defined for potash and lithium mineralisation. The exploration target (JORC 2012) ranges from approximately 94 to 325 Mt of Muriate of Potash and approximately 1.9 to 6.5 Mt of contained Lithium Carbonate Equivalent. Work programmes are being planned. Ascent Resources is entitled to a gross smelter return of 2.5% to 3.5% of gross revenues from its acreage and it also has 4.9 million unlisted options in Neometals exercisable at 10 cents each. The share price improved 4.35% to 0.6p.
North Sea oil and gas producer Serica Energy (LON: SQZ) is considering a bond issue in the Nordic market. This would be used to repay any drawings under the existing debt facility of $525m. Net debt was $78m at the end of 2025. The share price rose 3.13% to 279.9p.
FALLERS
Atome (LON: ATOM) has raised £6.59m via a placing at 60p/share in addition to an £18m subscription by Casale, the EPC contractor for the planned Villeta green fertiliser facility, directors and existing shareholders. A retail offer raised £1m, which was double the original intention. Once shareholders approve of the share issues the final investment decision will be declared. Atome will have enough cash to take a 29.8% in the Villeta project. Atome will receive 100% of revenues until it has a 15% IRR on its $60m carried value in the project and after that 29.8%. The share price slipped 25.9% to 66p.
Agriculture technology and fire protection company Light Science Technologies (LON: LST) reported full year revenues up from £8.6m to £11.7m and it made a £100,000 pre-tax profit, compared with a loss in 2024. Agricultural technology business continues to grow from a low base. Passive Fire Protection was hit by building approval delays last year and it has a £20m pipeline for 2026. Shore forecasts a £1m pre-tax profit in 2026. The share price declined 18.5% to 1.325p.
Quicklime producer Firering Strategic Minerals (LON: FRG) is raising £2.5m at 1p/share. The cash will fund an increase in ownership of main subsidiary Limeco and help progress to exercising the final tranche of the Limeco option. Two more kilns could be brought online in the future. The share price fell 17.7% to 1.05p.
Arc Minerals (LON: ARCM) has raised £3m at 0.4p/share. This fully funds the exploration campaign in the licence area in the Zone 5 Corridor of the Kalahari Copper Belt. The share price dipped 10.5% to 0.425p.