EnergyPathways (LON: EPP) confirmed that the Secretary of State for Energy Security has directed that major elements of the MESH hybrid compressed air storage project should be treated as a development of national significance. The share price jumped a further 43.3% to 9.1p and it has quadrupled over five days.
Future Metals NL (LON: FME) has appointed Keith Bowes as chief executive. He has experience of projects in Zambia, Namibia, Australia and South America. The share price is 15.3% higher at 1.7p.
Rockfire Resources (LON: ROCK) has entered into a new farm-in agreement with Eastern Resources for the Marengo tenement in Queensland. This is a gold, silver and copper prospect. Eastern Resources will provide funding for three years. Rockfire Resources has the option to retain a 20% stake in the project. The company’s focus will the Molaoi zinc deposit in Greece. The share price increased 11.9% to 0.235p.
There were mixed interim results from syngas production technology developer Eqtec (LON: EQT), but the market appears to be concentrating on the positives. Revenues more than halved to €600,000, although the loss reduced to €2.1m. Eqtec will start generating maintenance revenues on a project in Greece in the fourth quarter. A project in Hawaii could receive a grant that would generate revenues of £1m. Idex is not proceeding with a project in France. There are other potential projects making progress. The share price recovered 9.29% to 0.4p.
FALLERS
A delay to the publication of the account of Trafalgar Property Group (LON: TRAF) means that trading in the shares will be suspended on 1 October. The share price dived 30% to 0.0175p.
Anti-counterfeit technology developer Spectra Systems Corporation (LON: SPSY) interim figures show strong growth, but expectations have been timed for 2026. Interim revenues rose 54% to $35m and pre-tax profit more than doubled from $6.3m to $14.3m. This was due to a major sensor contract. Net cash is $3.8m. Full year pre-tax profit expectations remain at $25.4m, but the 2026 figure has been cut from $15m to $9.8m because of delays to potential contracts and the reorganisation of the security printing business. Net cash could still be $22m at the end of 2026. The share price decreased 19.4% to 155.5p.
Technology investment company Tern (LON: TERN) is raising up to £642,000 at 0.5p/share via a one-for-five open offer, which closes on 14 October. There was cash in the bank of £150,000 at the end of August 2025 and exits from investments are difficult to secure at appropriate valuations. The additional cash will cover the costs of running the company and provide cash for additional investments. The share price fell by one-fifth to 0.5p.
Video editing technology developer Blackbird (LON: BIRD) reported a 17% dip in revenues to £577,000 because of the loss of a contract and the lack of boost from a one-off event. Contracted but unrecognised revenues are £1.51m. There are 697 paying customers. There was a cash outflow of £1.5m in the first half with £2.27m in cash at the end of June 2025 before a £2.1m fundraising. The full year loss is likely to be much lower than the £2.42m reported for 2024 thanks to tight cost management. The share price declined 19.6% to 1.85p.
Online food and health products retailer Huddled Group (LON: HUD) continued to grow strongly in the first half of 2025, but it is focusing on profitable business, which will slow the rate of growth in revenues in the second half. Interim revenue roe from £5.25m to £9.48m with a contribution from Boop Beauty which was not included last time. New chief executive Michael Ashley has reviewed the retail brands and put in place plans to improve their performance. Discount Dragon is improving its range of food and consumer goods and the benefits showed through in the third quarter with a one-fifth improvement in basket margin. Nutricircle continues to grow, and its efficiency will be helped by the group’s move to the THG Ingenuity fulfilment business. A full year loss of £3m is forecast, falling to £500,000 next year. The share price dipped 16.4% to 2.55p. The recent funding was at 3.2p.