Tap Global Group (LON: TAP) has launched a Bitcoin Treasury as a Service offering for listed companies. This follows the increasing prevalence of companies turning to a Bitcoin-based treasury strategy. The service helps to gain the best prices and reliable conversion of currency for purchases and sales. The share price jumped 30.2% to 2.8p.
Strategic Minerals (LON: SML) has provided a further update on drilling at the Redmoor tungsten deposit. A further three holes have been drilled and all show high-grade zones. The tungsten price has been rising this year, and it has topped $600/mtu during October. This is much higher than the price used in the last study for the project. NPV8 was $128m. The share price rose 8.57% to 0.95p, having been as high as 1.1p.
Connection systems for automotive glazing and batteries supplier Strip Tinning Group (LON: STG) has received the purchase order for the D phase of the Zoox Robotaxi project and this will be delivered over the next six months. Despite tough trading conditions, due to tariffs and supply restrictions management is confident of achieving market expectations. A £269,000 R&D tax credit has been received. The share price improved 19.6% to 27.5p.
Restaurants operator Various Eateries (LON: VARE) expects full year revenues to be £52.4m, which was ahead of expectations. Pre-tax loss will be reduced from £3.6m to £2.9m after the absorption of higher labour costs. Like-for-like sales wee 4% higher in the fourth quarter. Zeus has reduced its forecast 2025-26 loss from £4m to £2.5m on revenues of £56.6m. The cash in the bank is being spent on new openings. The share price increased 12.5% to 11.25p.
FALLERS
Arc Minerals (LON: ARCM) has ended its joint venture with Anglo American, which is merging with Teck, in Zambia. This covered the Domes region, which is an area where there have been recent copper discoveries. No drilling has taken place this year despite plans for significant spending on exploration. Arc Minerals is also involved in legal disputes in Zambia. There could be other large miners interested in the Domes licences if those disputes are sorted out. The share price slumped 54.8% to 0.475p.
Retailer Mothercare (LON: MTC) has breached its financial covenant on its £8m debt facility, so it is repayable on demand. The lender has not demanded repayment. Mothercare says the trustee of its group pension fund has agreed to defer pension contributions for the rest of the financial year to March 2026. This takes the total deferred payment for this year to £3m. Payments will be resumed on 19 April at a level to be decided. The share price dipped 14.1% to 2.75p.
Aura Energy (LON: AURA) chief executive Andrew Grove has resigned, although he will support the business for six months. Philip Mitchell will continue as executive chair and oversee day-to-day operations. Aura Energy has the Tiris uranium project in Mauritania. The share price slid 14.3% to 9p.
CleanTech Lithium (LON: CTL) has chosen not to make the second and third payments of the purchase agreement for 23 licences at Laguna Verde in Chile. The payments were based on reaching milestones within a certain period of time. This means that 49% of the holding company of the licences could revert to the original vendors, although there is a right to buy the shares back. The share price declined 8.33% to 5.5p.