Helium One Global (LON: HE1) says negotiations concerning the regulatory framework agreements for a mining licence in Tanzania are being finalised. This relates to South Rukwa. The government free carry interest will be 17%. When the licence is received it will be the first company allowed to develop helium in Tanzania. The share price rose 17.3% to 0.95p.
Strong cash generation by video games publisher Frontier Developments (LON: FDEV) and cash was £42.5m at the end of May 2025. It is buying back a further £10m of shares. Frontier Developments returned to profit last year. Panmure Liberum raised its operating profit estimate from £9.5m to £10m. The share price increased 12% to 302.5p.
Capital Metals (LON: CMET) has completed phase one of drilling of the initial mining area of the Taprobane minerals projects in Sri Lanka. Initial indications suggest heavy mineral grades over 60% at deeper levels. Phase 2 will target an area to the south, plus some infill drilling. Taprobane has a mineral resource estimate of 17.2Mt at 17.6% THM. Hannam & Partners estimates an NPV10 of $122m and has a risked target of 16.5p/share. The share price is 13.8% higher at 3.3p.
Cannabis medicines developer Celadon Pharmaceuticals (LON: CEL) has secured a £500,000 one-year unsecured credit facility with a Europe-based high net worth individual. The annual interest charge is 10%. This cash will last until July, and another finance provider is near to agreeing to lend money. The share price improved 11.5% to 14.5p. Celadon still plans to leave AIM.
FALLERS
Rosebank Industries (LON: ROSE) shares returned from suspension after the publication of an admission document. The share price dipped 42.6% to 370p. The cash shell restarted discussions for the purchase of critical electrical distribution systems supplier Electrical Components International Inc (ECI) and agreed a $1.9bn deal. A placing has raised £1.14bn at 300p/share – a large discount to the market price. An open offer could raise another £6.7m. Rosebank Industries joined AIM on 11 July 2024 after raising £50m at 250p/share.
Premier African Minerals (LON: PREM) has raised £1.575m at 0.012p/share and has also settled $1.1m of creditor invoices through the issue of 6.17 billion shares at the same price. The cash will be invested in processing equipment at the Zulu lithium and tantalum project. Talks with Glencore International for the purchase of spodumene concentrate will continue when grade and recovery are satisfactory. The share price slipped 33.5% to 0.0113p.
Education company Malvern International (LON: MLVN) says trading has varied in its divisions. The businesses focused on adult and university business are in line with expectations and the university network is expanding. The Junior ELT division is no longer expected to generate revenues of £7.5m this year due to lower bookings from China. The impact on margins is being minimised. The share price declined 13.4% to 17.75p.
ICG Europe IX has ended discussions with GlobalData (LON: DATA) about a possible offer and does not intend to bid. GlobalData is likely to revive plans to move to the Main Market. The share price fell 11.7% to 152.25p.