Sulfur battery developer Gelion (LON: GELN) is collaborating with Nissan and the University of Oxford on a three-year resilient solid-state Li-S project that will cost £3.4m, with grant funding covering £2.4m. This project will combine the Gelion Nano-Encapsulated Sulfur cathode active material with Nissan’s solid-state battery development expertise for EV batteries with fast charge and discharge. Sulfur is cheaper than nickel and cobalt are for cathodes. The share price rebounded 18.3% to 21p.
Energy efficiency products developer Sabien Technology (LON: SNT) has received £214,000 in cash from b.grn Group through fees and repayment of a loan and £127,500 will be paid to satisfy the money owed to Parris Group. Shares will be issued to satisfy £219,000 of director pay and broker fees. The share price gained 13.3% to 4.25p.
Aura Energy (LON: AURA) says a final investment decision is expected for the Tiris uranium project in Mauritania in 2026, following publication of a study in September. A memorandum of understanding has been signed with an international nuclear power company covering potential investment and offtake. This could provide a pathway to funding the project, but there are alternatives, such as a proposal from a US investment fund. The share price increased 12% to 7p.
Extended reality technology developer Engage XR (LON: EXR) reported a dip in full year revenues from €3.4m to €1.9m, due to lower corporate income, while the loss declined from €3.8m to €2.8m. Net cash was €1.6m at the end of the year. Cavendish believes the company is on course to reach breakeven in 2027. The share price initially fell and then recovered 7.14% to 0.225p.
Goldstone Resources (LON: GRL) says 50%-owned MinCorp found visible coarse gold during the wash plant commissioning process at its gold mining licences in Sierra Leone. Goldstone has seconded staff to MinCorp to assist. Goldstone will receive 100% of revenues from sales of the first 70 troy ounces of refined gold from the licences. The share price improved 3.7% to 0.7p.
FALLERS
Quantum Helium (LON: QHE) has extended the production test at Sagebrush-1 well in Colorado. The current results support a move to the next phase of reservoir fracture stimulation. The share price declined 12.8% to 0.02725p.
Photonics company Gooch and Housego (LON: GHH) grew strongly on the back of a sharp increase in aerospace and defence demand. Interim revenues rose 16% to £81.9m with organic growth of 9%. Pre-tax profit improved 14% to £5.8m. All the growth was in aerospace and defence with industrial sales flat and a dip in life sciences revenues. There are positive signs for industrial demand with a recovery in semiconductor manufacturing improving demand for products and the order book. The life sciences order book has also improved. The group order book improved from £142.4m to £167.3m. The share price has been rising, but profit taking has knocked 13.9% of the share price leaving it at 960p.
Oil and gas company Tower Resources (LON: TRP) is still awaiting approval of farm outs in Cameroon and Namibia. The companies not producing but it has oil and gas assets in the ground. There was a cash outflow of $2.58m in 2025, including more than $2m spent on exploration. Net debt was $1.41m at the end of 2025. Since the year end £1.875m has been raised via share issues. The share price slipped 6.67% to 0.021p.