Immersive technology developer Engage XR (LON: EXR) is unveiling its education offering at the EdTech conference Bett 2025 in London. The package has been developed for kindergarten up to 18 years old. Engage XR will be a partner with Meta for Education. The share price jumped 180% to 1.925p, which is the highest it has been for nine months.
Alaska-focused oil and gas explorer Pantheon Resources (LON: PANR) anticipates a resource upgrade in the Ahpun Eastern Topset area with at least four well tests planned for Megrez-1. The tests will start in the first quarter and should be completed by the end of June. There could be an increase in resources of up to 50% in the four reservoirs, which were estimated at 609 mmbbls prior to drilling. The executive order to proceed with the gas pipeline means that the required infrastructure should be available. The share price increased 28.8% to 50.5p.
Greatland Gold (LON: GGP) says processing plant input is ahead of plan with gold production of 30,000 ounces, which was better than expected, as was copper production of 1,189t. Cash was A$145m at the end of 2024. Guidance for 2025 will be provided in April. The share price improved 9.92% to 6.65p. The recent fundraising was at 4.8p/share.
Risk management software provider KRM22 (LON: KRM) reports annualised recurring revenues were 22% higher at £6.6m at the end of 2024 and since then it has reached £6.8m. The 2024 loss will be lower than expected at around £600,000. Net debt was £4.5m at the end of 2024. The share price rose 9.09% to 30p.
FALLERS
Bars operator The Revel Collective (LON: TRC) had a good Christmas, but it faces higher costs because of the National Living Wage and National Insurance increases. Annualised costs will rise by £4m. This has led to forecasts of larger than expected losses. Like-for-like Christmas revenues were 1.6% higher. Net debt is expected to be £24m at the end of June 2025. The share price slumped 31.3% to 0.275p.
Bradda Head Lithium (LON: BHL) is in a position to hopefully define a maiden NI 43-101 resource for the San Domingo lithium project. Approvals for drilling will help to define a bigger resource. The current lithium carbonate extract estimate is 2.8 million tons. Production via open pit mining is being targeted for early 2027. The share price declined 9.09% to 1.05p.
Quiz (LON: QUIZ) leaves AIM on Thursday. The share price slid 9.09% having been higher earlier in the day.
Mosman Oil & Gas (LON: MSMN) plans to sell its EP (A) 155 rights for A$350,000, including A$300,000 on grant of a licence by the Northern Territory government, and a 2.5% royalty. There is no value put on the asset in the balance sheet. This cash will finance helium exploration in the US. Due diligence is continuing for the acquisition of the Sagebrush oil and helium project, which is already producing. The share price fell 5.36% to 0.0265p.
Mindflair (LON: MFAI) has granted 41.5 million options exercisable at 0.25p each. Two directors and an employee are receiving the options. This compensates for the waiving and reduction of cash remuneration. The share price slipped 4.55% to 1.05p, which is still near the five-month high.
Ariana Resources (LON: AAU) produced 20,900 ounces of gold from its 23.5% owned Zenit mining operations in Turkey. Revenues were $54.7m. Mining is building up at the new Tavsan mine. A resource estimate is expected from Dokwe in Zimbabwe after further drilling analysis. The share price dipped 2.86% to 1.7p.