Online retailer Huddled (LON: HUD) is acquiring AEWW, which is its joint venture partner for the live commerce channels on the Whatnot platform. The cost is £290,000 in shares issued at 0.75p each. There are more than 120,000 followers of the Whatnot platform. The deal will enable the extension of the products offered and the launch of new channels. The share price rebounded 13.8% to 0.825p.
Broker research on Metals One (LON: MET1) has been published by CREST Corporate Broking following the proposed acquisition of Lions Bay Resources. Metals One already owned 305 and is exercising an option to take that to 49.99% and acquiring the rest of the business through a £6.5m share issue at 1.3p each. This replaces the previously announced deal back in June. Metals One will become a South Africa-focused gold miner. Former Harmony boss Graham Briggs will become chair of Metals One. There will be a phased restart at the Barbrook gold mine using existing infrastructure. The share price increased 10.6% to 1.425p.
Cornish Metals (LON: TIN) shares recovered 7.14% to 75p following completion of its £135m fundraising, including a share issue at 60p each, and the posting of the circular for a general meeting on 9 November. This fully funds the company until the initial production at the South Crofty tin mine and the ramping up of production after that. There is a six-year offtake agreement with Glencore. Chief development officer Fawzi Hanano bought 55,000 shares at 69.3p each. He holds 180,000 shares.
Halo Minerals (LON: HALO) says that its subsidiary has been granted a mining permit for the Playa Verde copper and gold tailings processing project in northern Chile. This enables mining works for the dredging of mineral-bearing material at Chañaral beach. This is a step on the move to the first investment decision. The share price rose 5.17% to 7.625p.
FALLERS
Catenai (LON: CTAI) says Innovate UK Loans has filed for the appointment of an administrator for investee company Klarian. Catenai provided a £450,000 unsecured convertible loan note facility. When interest and fees are included, the amount owed is more than £762,000. The share price slumped 26.3% to 0.07p.
Focus Xplore (LON: FOX) has commenced phase 1 fieldwork on the Clarkdon gold property in Ontario. This includes soil geochemical sampling and geological prospecting over two main target areas. The share price declined 18.4% to 0.02p.
Bezant Resources (LON: BZT) has secured a £4m gross financing facility with YA II PN and this is being fully drawn down. This is a non-convertible unsecured loan repayable in cash with the first repayment in January 2027. Copper concentrate production is underway at the Hope and Gorob project in Namibia. The first shipment should be in November. The cash will help to finance the phase II expansion of the project. The share price slipped 9.84% to 0.11p.
Packaging manufacturer Robinson (LON: RBN) says trading has further weakened in recent weeks. There is normally a pick-up in business in the early autumn, but this has been less than anticipated, while energy costs have risen faster than expected. Cavendish has slashed its 2026 pre-tax profit forecast by two-thirds to £500,000. Costs are being reduced and property disposals will provide additional cash. Net debt is expected to be £6.1m at the end of 2026. The share price fell 8.16% to 112.5p.