URU Metals (LON: URU) reported results of the 3D inversion of aeromagnetic and gravity data for the Zeb Nickel project in South Africa. Four targets have been identified with the fourth target having the densest feature. The data confirmed that the depth of the zones was greater than previously expected. The share price improved 9.09% to 6p.
Quantum Blockchain Technologies (LON: QBT) attended Bitcoin 2025 and had meetings with chip designers and pool miners about its AI Oracle Bitcoin mining technology. The share price rose 4% to 0.65p.
Mkango Resources (LON: MKA) subsidiary Lancaster Exploration has entered a $750,000 note purchase agreement relating to the proposed merger with US shell company Crown PropTech Acquisitions and listing on Nasdaq. The merged company will own the Songwe Hill rare earths project in Malawi. The share price increased 2.96% to 17.375p.
FALLERS
AI-based services provider to smaller businesses Pri0r1ty Intelligence Group (LON: PR1) has raised £1.05m at 2.5p/share. The reverse takeover at the end of 2024 was based on a price of 13.5p. The cash will be invested in growing the business. There is also a potential all-share deal to acquire sports data management business Halfspace, which the company already has a joint venture with. That would require the issue of 30.8 million shares. The share price slipped 34.5% to 2.375p.
Virtual reality technology developer Engage XR (LON: EXR) revenues fell from €3.7m to €3.4m in 2024, although there was growth in licence revenues. The loss was €3.8m. Net cash was €3.6m at the end of 2024 and although the loss is set to fall the cash could decline to €800,000. A move into profit is forecast for 2026. The share price dipped 15.8% to 0.8p.
Rockhopper Exploration (LON: RKH) published an independent resource evaluation for the Sea Lion project in the North Falkland Basin. The gross 2C resource is still 917mmbbls. Rockhopper Exploration’s 35% stake for development pending 2C resources is $1.84bn. The share price fell 10.4% to 46.75p.
LPA Group (LON: LPA) reports that there have been delays in delivery requirements by two rail customers and this means that the electronic and electro-mechanical components supplier will make a loss in the year to September 2025. Order intake was £17m in the first half. There is no change for 2025-26 expectations and a pre-tax profit of £600,000 is forecast. The share price declined 10.5% to 47p.
Telecoms services provider Maintel (LON: MAI) says the start to the year was slower than expected, but sales momentum has improved. This is helped by the focus on specialist, higher margin services. Full year profit will be second half weighted. The share price decreased 8.33% to 220p.