Mineral sands company Capital Metals (LON: CMET) has upgraded its mineral resource estimate for the proposed initial mining area of the Taprobane minerals project in Sri Lanka. Maintaining a 5% heavy minerals bottom cut means that the resource tonnes rise from 897kt to 4.3Mt at an average resource grade of 10.5%, but if it is reduced to 2% the resource jumps from 897kt to 13.1mt at an average resource grade of 5.5%. The share price increased 9.62% to 5.7p.
OptiBiotix Health (LON: OPTI) has received its first order of SlimBiome and WellBiome products from a well-known European weight management company. The value for these appetite reduction products is in low six-figures. The share price recovered 6.45% to 8.25p.
Medical imaging analytics services provider Ixico (LON: IXI) has won a contact to provide imaging services to a global pharmaceutical company to support a phase 3 Huntington’s disease clinical trial. The contract is worth more than £3.5m, which will be recognised over four years. The share price gained 4.65% to 11.25p.
Data analysis software provider Cirata (LON: CRTA) has won a $6.7m, three-year data integration software contract through IBM for a financial services company. This is the largest eve contract with IBM. The share price rose 3.64% to 19.95p.
FALLERS
Defence consultancy RC Fornax (LON: RCFX) raised £2.25m in a placing at 6p/share and raised £70,000 out of the £500,000 retail offer. The cash will fund development of the Procure X Marketplace to connect small companies with defence buyers and provide working capital. Directors and management are investing £156,800 in new shares. This includes Paul Reeves and Daniel Clark who raised £1m in the flotation back in February, when the company raised £5.2m at 32.5p/share. Cavendish has increased it 2025-26 forecast loss to £2m and expects a lower loss next year. The share price slumped 35.9% to 6.25p.
Vast Resources (LON: VAST) has repaid $1m of debt. Cash from the sale of a package of diamonds will be used to pay off more of the debt. The share price slipped 24.3% to 0.1325p.
Artemis Resources (LON: ARV) has commissioned a conceptual mining study for the Carlow copper gold project in Western Australia. This will cover open-pit and underground mining scenarios. There will also be a drilling programme. The share price is 10% lower at 0.45p.
Polar Capital (LON: POLR) grew assets under management by 25% to £26.7bn in the six months to September 2025. There was a small outflow, and the improvement came from investment performance, which exceeded the global markets. Interim net income rose 1% to £91.4m, but that does not include performance fees which should be much higher this year. Full year pre-tax profit is forecast to increase from £51.6m to £76.9m. Cash was £82.5m at the end of September 2025. The interim dividend is unchanged at 14p/share. The share price declined 4.74% to 522p.