Early buying of shares in oil and gas investor Westmount Energy (LON: WTE) pushed up the share price to around 0.9p. It is currently 52.4% higher at 0.8p.
Invinity Energy Systems (LON: IES) has confirmed a 10.8MWh order for a ENDURIUM flow battery for a project in Hungary and planning permission has been approved for the 20.7MWh LoDES project in the UK. LoDES will be given a £10m grant and the flow batteries should be delivered by the end of 2025. The share price increased 4.82% to 21.75p.
Aura Energy (LON: AURA) has secured a long-term offtake agreement for uranium oxide concentrate from the Tiris project in Mauritania. The buyer is a US-based nuclear utility, and the agreement represents 10% of potential production. The price is well above forecast cost of production. The deal is dependent on securing finance and making a final investment decision by the end of 2025. There is also a spot sales agreement with a global uranium trading group. The share price rose 3.45% to 7.5p.
88 Energy (LON: 88E) set up a small holding share facility for shareholders with a stake worth less than A$500, The company’s broker will start to sell the 46.1 million shares in the facility. The proceeds will be forwarded to participating shareholders. The facility was not available to UK investors. The share price improved 2.22% to 1.15p.
Orosur Mining Inc (LON: OMI) says Newmont Mining has sold its 9.4% shareholding at C$0.19/share. It was bought by institutional shareholders. The share price edged up 1.18% to 10.75p.
FALLERS
Pentland Capital’s stake in Thruvision (LON: THRU) has reduced from 15.5% to 12.9%. Schroders stake has dipped from 16.4% to 15.9%. The share price slipped 5.56% to 1.7p.
Brandon Largent has replaced David Cocke as interim finance director of regenerative medical devices company Tissue Regenix (LON: TRX). The share price fell 2.82% to 34.5p.
Amcomri Group (LON: AMCO) has completed the acquisition of Randor Technologies, which is an Ireland-based industrial electronic repair and reverse engineering services provider. The initial payment is €2m, with up to €1.5m deferred. The main sectors covered are rail, medical, computing and power electronics and the company fits well with existing group embedded engineering businesses. In the year to February 2025, pre-tax profit was €730,000. The 2026 Amcomri earnings forecast has been raised from 6.9p/share to 7.3p/share. The share price declined 1.12% to 132.5p.