Tan Delta Systems (LON: TAND) is starting a paid phase 2 trial by one of the world’s largest online retailers to evaluate the company’s real-time oil condition analysis and monitoring systems. This is to monitor gearboxes on conveyor systems at distribution centres. Phase 1 proved the capability on five gearboxes at one distribution hub. The customer has tens of thousands of critical gearboxes across its sites. Tan Delta Systems had £2m in cash at the end of June 2025 after a £1m cash outflow in the previous six months. The share price jumped 58% to 39.5p.
Asiamet Resources (LON: ARS) is selling its interest in the KSK copper project to Norin Mining for gross cash of $105m on a debt free basis. This is dependent on shareholder approval. Most of the proceeds ae likely to be distributed to shareholders. The share price is one-third higher at 1.6p, having been as high as 2p.
Organ transplant diagnostics Verici Dx (LON: VRCI) has signed a provider participation agreement with Prime Health Services, which has a preferred provider organisation network. This will help to accelerate the commercial reach of Verici Dx’s diagnostic products. The share price rose 16% to 0.725p.
Aura Energy (LON: AURA) says the Swedish parliament has voted to overturn the uranium mining ban in the country. The permitting process will be the same as for other minerals. Sweden has 27% of Europe’s known uranium resources. Aura Energy’s Haggan polymetallic will be worth more now the uranium can be exploited. The share price improved 7.5% to 10.75p.
FALLERS
Ethernity Networks (LON: ENE) is raising £160,000 via a placing at 0.02249p/share and £182,500 from a convertible loan note. The company is in talks with partners to develop an ASIC product for wireless backhaul and broadband markets. The cash will pay creditors and provide working capital. More cash will be required within one year. The share price slipped 29.2% to 0.0085p.
Oil and gas company Block Energy (LON: BLOE) is raising £1.5m at 0.7p/share to strengthen the balance sheet while it continues farm-out talks for Project IV, which could conclude in early 2026. There are also farm-out talks for Project III. A sidetrack well has been drilled and will start production testing will start soon. The share price declined 14.7% to 0.725p.
Interims from TomCo Energy (LON: TOM) reduced its loss from £654,000 to £115,000 mainly due to a swing from a forex loss to a gain. There was £489,000 in cash at the end of March 2025. The share price fell 14.3% to 0.015p.
Drilling results from the Rockfire Resources (LON: ROCK) owned Molaoi zinc deposit in Greece show a 2.5 metre wide zone of visible zinc mineralisation high in the hole. This is the first drill hole. Five spot samples average 6.7% zinc, 2.5% Pb and 42g/t silver. Germanium will be analysed in the laboratory. The drill rig has moved to the second hole. The share price dipped 8.57% to 0.16p.
Ex-dividends
Avingtrans (LON: AVG) is paying a final dividend of 3p/share and the share price slipped 15p to 475p.
Bioventix (LON: BVXP) is paying a final dividend of 80p/share and the share price fell 75p to 2125p.
CVS Group (LON: CVSG) is paying a final dividend of 8.5p/share and the share price slid 26p to 1204p.
Springfield Properties (LON: SPR) is paying a final dividend of 2p/share and the share price dipped 0.5p to 113p.
Warpaint London (LON: W7L) is paying an interim dividend of 4p/share and the share price declined 9p to 215p.