EnergyPathways (LON: EPP) has secured a £5.1m loan facility for the Marram Energy Storage Hub (MESH) clean energy storage project. This should enable the project to reach final investment decision by the end of 2025. Global Green Asset Financing is providing the facility and has to raise additional cash via a placing of loan notes to provide it. The minimum commitment for the facility, which lasts three-years, is £2.55m and the interest rate is 12.5%/year. The share price jumped 41.9% to 2.2p.
Mkango Resources (LON: MKA) rare earths recycling business has been awarded £220,000 of grants through a $15m investment programme managed by Innovate UK. The cash will be used to advance medium-loop and long-loop rare earth magnet recycling routes. Mkango owns 80% of this business and CoTec the other 20%. The share price improved 4.76% to 5.5p.
EMV Capital (LON: EMVC) director Jonathan Robinson bought 25,000 shares at 52p each following the interim results announcement of the company that was previously known as NetScientific. Total assets under management reached £106.7m following the addition of the Martlet Capital portfolio. Net assets edged up from £17.1m to £18.5m. Nasdaq-listed investee company PDS Biotech announced a 36-month survival rate of 84.4% in locally advanced cervical cancer patients treated with the company’s lead target drug Versamune HPV and Chemoradiation. The share price recovered 3.88% to 53.5p.
Panmure Liberum has moved from hold to buy for online fashion retailer boohoo (LON: BOO) and has set a price target of 35p. The share price rose 3.85% to 31.3p.
FALLERS
Premier African Minerals (LON: PREM) has raised £550,000 at 0.0315p and this will be spent on operational activities at the Zulu lithium and tantalum project. Management is hopeful that it will soon resolve problems with the processing facilities. The company says that options for the Zulu project including selling it or part of it. The share price declined 12.2% to 0.0325p.
Metals One (LON: MET1) has identified high-grade intersections of nickel, copper, cobalt and zinc in re-assayed cores from past drilling on the black schist project in Finland. The current resource is 57.1mt of nickel, copper, cobalt and zinc. There is potential for a larger, shallow mineral resource. The share price fell 5% to 0.475p.
Xtellus Capital Partners has reduced its stake in Serinus Energy (LON: SENX) from 20% to 19.15%. The share price is 4.94% lower at 3.85p.
Wyloo Consolidated Investments has raised its shareholding in Greatland Gold (LON: GGP) from 8.6% to 10.6%. The share price dipped 4.76% to 6p.
Ex-dividends
Arcontech (LON: ARC) is paying a final dividend of 3.75p/share and the share price is 3.5p lower at 119.5p.
Andrews Sykes (LON: ASY) is paying an interim dividend of 11.9p/share and the share price fell 5p to 535p.
Facilities by ADF (LON: ADF) is paying an interim dividend of 0.5p/share and the share price slipped 1.3p to 51p.
Frenkel Topping (LON: FEN) is paying a final dividend of 1.38p/share and the share price rose 0.5p to 44p.
Franchise Brands (LON: FRAN) is paying an interim dividend of 1.1p/share and the share price dipped 0.5p to 145.5p.
HSS Hire (LON: HSS) is paying an interim dividend of 0.18p/share and the share price declined 0.21p to 6.61p.
Ingenta (LON: ING) is paying an interim dividend of 1.5p/share and the share price is down 1p to 90.5p.
Johnson Service Group (LON: JSG) is paying an interim dividend of 1.3p/share and the share price slid 1.2p to 155p.
Litigation Capital Management (LON: LIT) is paying a final dividend of 1.25p/share and the share price increased 1.75p to 102.25p.
Learning Technologies Group (LON: LTG) is paying an interim dividend of 0.45p/share and the share price is 0.6p lower at 93.4p.
Mortgage Advice Bureau (LON: MAB1) is paying an interim dividend of 13.4p/share and the share price slid 9p to 677p.
Mercia Asset Management (LON: MERC) is paying a final dividend of 0.55p/share and the share price is unchanged at 32p.
Personal Group Holdings (LON: PGH) is paying an interim dividend of 6.5p/share and the share price declined 4p to 168p.
Real Estate Investors (LON: RLE) is paying a dividend of 0.5p/share and the share price is unchanged at 33p.
Skillcast (LON: SKL) is paying an interim dividend of 0.17p/share and the share price is unchanged at 46.5p.
Van Elle (LON: VANL) is paying a final dividend of 0.8p/share and the share price declined 0.5p to 40p.