Investment company Mindflair (LON: MFAI) says Sure Valley Ventures second fund, where it has a stake, has invested in Astut, which is an AI spin-off from the University of Oxford mathematics department. The technology “enables transparent and auditable decision-making in high-stakes scenarios where no historical data exists” and it has defence and security uses. The share price increased 15.4% to 0.75p.
Kazera Global (LON: KZG) says that the objection lodged against the granting of the mining right for the Whale Head heavy mineral sands project area 2A has been withdrawn. Rehabilitation planning, monitoring and reporting measures will be updated. There should be no further obstacles to the granting of the mineral right. The share price is 3.77% higher at 1.375p.
Guardian Metal Resources (LON: GMET) has appointed Michael X Schlumpberger as a non-executive director. He has two decades of experience in critical minerals and can help with the company’s US tungsten projects. Mick Billing is stepping down from the board. There have been further zones of mineralisation identified at the Garfield gold silver copper project in Nevada. Drill targets have also been identified. The high gold price means that this project could provide additional upside, although tungsten is the focus. The share price gained 7.43% to 108.5p.
ASICs developer EnSilica (LON: ENSI) says the six design and supply contracts won in the year to May 2025 are progressing and remain on track. New feasibility study contracts worth more than £1.6m have been won in recent weeks. These are mainly for satellite uses. The design services business has won £1m of repeat and new business in the past three months. Deliveries of ASICs to an automotive manufacturer have doubled in the past year and total shipments since 2018 exceed 10 million. The share price rose 4.65% to 45p.
Frontier IP (LON: FIPP) investee company The Vaccine Group says that two potential vaccines for treating bovine respiratory syncytial virus (BRSV) “have delivered outstanding results in cattle challenge trials conducted by the UK government’s Animal and Plant Health Agency”. Frontier has a 16.6% stake in the company. The Frontier IP share price improved 2.13% to 24p.
FALLERS
Buccaneer Energy (LON: BUCE) has raised £500,000 at 0.017p/share to fund its share of a Bitcoin mining operation in the Fouke area. This will use gas flared from the nearby wells in the Pine Mills field. The Allar #1 well, where it has a 32.5% working interest, has been spudded. This will take two eeks to drill. The share price slumped 20.8% to 0.019p.
Shuka Minerals (LON: SKA) has still not received the promised funds to pay the cash consideration for the acquisition of Leopard Exploration and Mining and the Katwe zinc mine in Zambia. Gathoni Muchai Investments says administrative issues have delayed the $1.35m cash injection but it should happen this week. With the support of creditors, Shuka Minerals has enough cash for near-term requirements. Management is tying to secure a buyer for fines at its Rukwa operation in Tanzania. The share price declined 16.7% to 5p.
Shares in cyber security services provider Smarttech247 Group (LON: S247) slipped 10.5% to 4.25p on the last day of trading before it leaves AIM on 4 November.
Renalytix (LON: RENX) raised annual revenues by 30% to $3m and greater scale is helping to improve margins. The kidney diagnostics developer had $3.6m in the bank at the end of June 2025 after a $17.9m outflow from operating activities during the year. Admin expenses have been reduced by two-fifths. Since June, £6.7m has been raised. Julian Baines will move to non-executive chairman from the beginning of 2026. The share price fell 6.06% to 7.75p.