Metals One (LON: MET1) is acquiring an initial 10% stake in NovaCore Exploration Inc and it has warrants that can increase the stake to 30%. This adds a third uranium project to the company’s portfolio. NovaCore has 15,000 acres in the Red Basin uranium district in New Mexico. This has potential for 40 million pounds of U3O8. Initial drilling is planned for the end of 2025 if permitting and environmental work is completed on time. The share price increased 13.2% to 13.525p.
Investment company Seed Innovations (LON: SEED) plans a tender offer for up to 45% of the shares and change its investing policy to focus on robotics and AI. Jim Mellon and Denham Eke will join the board and Ed McDermott and Alfredo Pascual will step down. Existing investee company Litte Green Pharma generated cash in the latest quarter. Seed Innovation owns 2.4% of the ASX-listed company, which made profit after tax of A$3.3m in the year to March 2025. The Seed Innovations NAV was 6.1p/share at the end of March 2025. The share price rose 10.3% to 2.15p.
The European Investment Bank has approved in principle a $135m loan to Atome (LON: ATOM) for the financing of its Villeta clean fertiliser project in Paraguay. Details of the final debt and equity arrangements and final investment decision should be completed in September. The share price is 9.09% higher at 54p.
Supercapacitor technology developer Cap-XX (LON: CPX) says that the project pipeline relating to the cooperation agreement with SCHURTER is nearly $2m. The firs design-in order has been won. The share price improved 8.51% to 0.255p.
FALLERS
Health and safety services provider PHSC (LON: PHSC) fell into loss in the year to March 2025. There will b no dividend. Revenues fell from £3.78m to £3.22m, while a £249,000 pre-tax profit was turned into a loss of £126,000 – after a goodwill write off of £110,000. The share price slipped 10.7% to 12.5p. Net assets are £3.02m and the discount to NAV is more than 50%.
Shares in offshore services provider Ashtead Technology (LON: AT.) fell a further 5.68% to 327.75p. Ashtead Technology grew first half revenues 23% to £99m, but that is a pro forma decline of 6%. Margins have improved thanks to operational synergies and reduction in low margin equipment sales. Underlying full year EBITDA is likely to be slightly lower than forecast, but pre-tax profit should be in line with expectations of £49.2m. The medium-term outlook is positive. The interims will be published on 26 August.
Gunsynd (LON: GUN) has raised £450,000 at 0.12p/share and there is a broker option that could raise up to £100,000 more. The cash will be spent on Canadian mineral projects. The share price declined 5.66% to 0.125p.
Active Energy Group (LON: AEG) has expanded its digital asset treasury strategy to broaden the range of cryptocurrencies. This is designed to improve flexibility. The share price initially rose, but it is down 6.9% to 0.135p.