Yesterday evening, lithium project developer CleanTech Lithium (LON: CTL) has agreed contractual terms for the Special Lithium Operating Contract for Laguna Verde with the authorities in Chile. Once ratified, this runs for 40 years. The share price jumped 34.15 to 14.75p.
Mike Whitlow has raised his stake in Physiomics (LON: PYC) from 8.01% to 13.7% following the latest fundraising at 0.3p/share. The share price is one-quarter higher at 0.5p.
Eco (Atlantic) Oil and Gas (LON: ECO) has signed an agreement to acquire JHI Associates for 0.7054 of a share for each JHI share. This provides exposure to the North Falkland Basin and the PL001 licence operated by Navitas. This licence is expected to be extended for a further five years. JHI shareholders will own 21.8% of Eco after the acquisition, which is valued at £39m. The share price increased 20.8% to 58/6p. Westmount Energy (LON: WTE) owns 1.5 million shares in Eco and 6.24% of JHI and its share price rose 5% to 5.25p.
Engineer Amcomri Group (LON: AMCO) published a positive trading update that has led to a 2025 pre-tax profit forecast upgrade from £4.9m to £5.1m even though revenues will be lower than anticipated because more of a contract will fall into next year. Operating performance was better than expected and that boosted margins. The share price gained 14.4% to 127p.
European Green Transition (LON: EGT) is raising £6m at 6p/share and £1.5m of debt is being converted into shares at the same price. The other £1.5m of the debt facility will be repaid. This follows the proposed acquisition of an onshore wind turbine operator, maintainer and remote monitoring business for £3.5m. The business is profitable, but the previous owner went into administration. The share price improved 11.5% to 7.25p.
Dispute finance provider Litigation Capital Management (LON: LIT) says that the trademark dispute between Katy Perry the Australian fashion designer and Katy Perry the singer and astronaut. The Federal Court of Australia initially found that there was a trademark infringement by the singer, but that was overturned on appeal. The High Court has found in favour of the designer. Litigation Capital Management has invested A$3.3m in the case and damages are yet to be quantified. Another judgement on a case where A$1.4m is invested is expected within days. Interim results should be published by the end of March. The share price is 2.69% higher at 8.01p, having been as high as 8.5p.
FALLERS
Agricultural and fire protection technology supplier Light Science Technologies (LON: LST) is acquiring Injectaclad for up to £4.8m, as well as paying £600,000 for the 10% minority shareholding in UK Circuits and Electronics Solutions and a related property, which can also be used for the fire protection division. Injectaclad has developed a remedial cavity fire barrier for properties and Light Science Technologies has a subsidiary that installs this product. The deal could help to improve margins by streamlining the supply chain. This fire protection division is providing revenues, while the agricultural lighting business is steadily being built up. Light Science Technologies could break even this year. A placing has raised £6m at 1p/share and a retail offer could raise up to £600,000 more. The retail offer closes on 16 March. The share price dived 56.9% to 1.25p.
Last night, IT company CloudCoCo (LON: CLCO) announced it is raising £275,000 – the chairman Simon Duckworth is investing £210,000 – at 0.12p/share. A capital reorganisation is required before new shares can be issued for less than 1p each. The cash will fund Project Brightstar, which will enhance the company’s position in the B2B market. Target revenues are £10m, compared with £8m in the year to September 2025. The share price slumped 35.25 to 0.23p.
Premier African Minerals (LON: PREM) is raising £500,000 at 0.0185p/share and issued shares at the same price to pay £100,000 to suppliers. The cash will finance the installation of the new plant at the Zulu lithium and tantalum project. The share price fell 10.6% to 0.021p.