X-ray screening systems supplier Image Scan (LON: IGE) has secured a double-digit unit contract with its Indian partner for the ThreatScan-LS1 following a competitive tender. The share price increased 15.6% to 1.85p.
Arbuthnot Latham (Nominees) has taken a 12.2% stake in Clontarf Energy (LON: CLON). The share price rebounded 8% to 0.027p.
Nativo Resources (LON: NTVO) has completed the surface trenching programme for the Bonanza vein on the Tesoro gold concession in Peru. Samples are being dispatched to the laboratory. Mine access work is continuing, and a topographical study has been finished. Potential mining contractors have visited the site, and proposals will be evaluated. The share price gained 8.7% to 0.375p.
Prospex Energy (LON: PXEN) has completed the Environmental Impact Assessment consultation for El Romeral in Spain. The authorities will issue an internal assessment with 180 days. A 3D seismic survey is underway at the Selva Malvezzi concession in Italy and should be completed in December. The share price improved 6.25% to 3.4p.
Vast Resources (LON: VAST) says it does not require a share placing to make its debt repayment at the end of 2025. It expects to generate cash from the sale of diamonds. The share price recovered 5.66% to 0.14p.
Aeorema Communications (LON: AEO) says revenues in the 18 months to December 2025 will be £29m or more and pre-tax profit at least £700,000, helped by overhead reductions. Net cash is £2m. Allenby has published 2026 forecast revenues of £20.4m and pre-tax profit of £740,000. The share price rose 3.15% to 65.5p, which is less than 13 times prospective 2026 earnings.
FALLERS
Empyrean Energy (LON: EME) shares have slumped 42.9% to 0.08 following last week’s rise. Conrad Asia Energy has issued a Notice of Election of Remedy and Forced Withdrawal relating to the Duyung PSC. Ther has been a dispute over outstanding cash calls and discussions have been taking place. Empyrean Energy is deemed to have withdrawn from the joint operating agreement and its interest transferred to Conrad. The dispute resolution process is ongoing.
Quantum Helium (LON: QHE) has commenced the 3D seismic programme at the Sagebrush helium project in Colorado, where it has a 82.5% working interest. The data should be processed by the end of 2025 and full interpretation to define drill targets should happen in the first quarter of 2026. An extended well test at Sagebrush-1 is being prepared. The share price fell 3.7% to 0.026p.