Hummingbird Resources (LON: HUM) has completed a strategic refinancing of part of its existing loan facilities with Coris Bank International, which is controlled by the company’s largest shareholder. The $25m refinancing has an annual interest rate of 12% and lasts 24 months. This will repay existing lending. This will help Hummingbird Resources ramp-up commercial gold production in Mali and Guinea. The share price increased 19.1% to 8.1p.
Intercede Group (LON: IGP) has secured a strategic partnership with Microsoft. Intercede’s Credential Management Systems technology will be combined with Microsoft’s Entra ID, which is cloud and identity and access management technology. This will enable administrators to create and register FIDO passkeys on devices. The share price improved 10.4% to 191.5p.
Pharma data services provider Diaceutics (LON: DXRX) has launched PMx, a suite of services for the promotion and commercialisation of precision medicines. A leading biotech will be the primary promotional partner for the Launch of a cancer medicine. Fees will be based on patient recruitment and the deal is worth an initial £2.4m with additional milestone fees of £1.9m based on successful recruitment. The share price is 7.26% higher at 133p.
Neometals (LON: NMT) has raised $3m at 4.5 cents/share from William Robert Richmond. Net cash will be $9.3m and this will finance the company’s lithium-ion battery recycling business to the industrial validation stage. The share price is 7.14% ahead at 3.75p.
Maritime Invest Scandinavia has sold its 5.73% stake in Windward (LON: WNWD) ahead of the maritime AI technology developer’s interims on Tuesday. The share price recovered 6.64% to 112.5p.
FALLERS
Last week, shareholders in semiconductors designer Sondrel (LON: SND) voted to cancel the admission to AIM on 21 August. The share price fell a further 10.2% to 1.325p.
Landore Resources (LON: LND) has agreed a rescheduling of the remaining payments for the disposal of Miminiska Lake and Keezhik Lake to Storm Exploration. There will be a cash payment of $262,500, plus a cash or shares payment of $250,000 on 20 September. This will be followed by a $275,000 payment in March 2025 and $1.31m in March 2026. The share price dipped 9.09% to 3.5p.
Global Petroleum (LON: GBP) has raised a further £250,000 via a retail offer at 0.065p/share on top of the £600,000 in the placing. Global Petroleum is setting up a joint venture with Callum Baxter, former chief technical officer of Greatland Gold (LON: GGP), to diversify into mineral exploration in Western Australia. Global Petroleum will pay £200,000 for 70% of the joint venture and Callum Baxter will retain the other 30%, although this can be increased to 80% for an additional £50,000. Global Petroleum will spend a minimum of £750,000 over 12 months and fund 100% of spending until a decision to mine. Under a consultancy agreement Callum Baxter will receive 200 million Global Petroleum shares and 10% of the total number of new shares issued in the fundraising. The share price declined 6.25% to 0.075p.
EnergyPathways (LON: EPP) has submitted a gas storage licence application to the North Sea Transition Authority for the planned Marram Energy Storage Hub (MESH). This development could supply gas and green hydrogen to the UK for at least two decades. The share price fell 4% to 2.4p.