Galileo Resources (LON: GLR) says drilling at licence PL253 in the Kalahari Copperbelt in Botswana has intersected a wide interval containing intermittent copper mineralisation. Further study is required. Drill samples will be tested. Two further holes will be completed shortly. The share price rose 12.8% to 1.1p.
ValiRx (LON: VAL) says majority-owned Cytolytix has received a notice of allowance for a European Patent application for “Nanoparticle for Anti-Cancer Peptides and Uses Thereof” (application No. 21798092.9). The share price improved 11.5% to 0.725p.
Abingdon Health (LON: ABDX) has launched the second phase of expansion at its US facility. It has won five projects for developing lateral flow tests. The expansion of the Wisconsin facility includes manufacturing capacity. The share price is 9.52% higher at 5.75p.
Aura Energy (LON: AURA) has secured an offtake agreement with a US utility for uranium oxide concentrate from the Tiris project in Mauritania. The price is well above the expected cost of production. It is subject to a final investment decision being made on the Tiris project by the end of 2025. There is also a spot sales agreement with an international uranium group. The share price increased 8.33% to 9.75p.
FALLERS
Mkango Resources (LON: MKA) had cash of $1.2m at the end of June 2025. That was before the announcement of plans to combine its Songwe Hill rare earths project in Malawi with the Pulawy rare earth separation project in Poland and list them on Nasdaq as Mkango Rare Earths. This creates a vertically integrated rare earths business. The pro forma value of Mkango Resources’ shareholding would be $400m before any fundraising and transaction costs. The Tyseley Energy Park facility is moving towards production of finished sintered NdFeB magnets. The US operation is progressing towards the financing of its HPMC recycling project. Chinese restrictions have reduced magnet exports. The share price declined 7.93% to 37.75p.
UBS has disposed of its 5.74% stake in Revolution Beauty (LON: REVB). The cosmetics supplier has raised £16.5m at 3p/share. The share price is 6.67% lower at 3.64p.
Team Internet Group (LON: TIG) was always expected to report a downturn in interim revenues following changes to Google search policy and they slipped from $409.7m to $263.9m. A loss was reported, but there was a profit before amortisation and impairment. The internet domains business continues to grow with new contract wins set to contribute to the second half. The comparison business had a weaker first half, but it has started to grow as revenues build up in newer countries. There are also signs of improvement in search, but they are relatively modest, with higher gross margin achieved on newer search services. Zeus forecasts a 2025 underlying pre-tax profit of $49.4m, recovering to $62m next year. Net debt is expected to be $94m at the end of 2025, which is much higher than previous estimates. The share price fell 3.57% to 59.5p, which is seven times prospective earnings.
Oil and gas company Sunda Energy (LON: SNDA) had available cash of £976,000 at the end of June 2025. There was a cash outflow from operations of £1.39m in the latest six-month period. There was £1.95m spent on exploration. Drilling in Timor-Leste is planned for the first half of 2026. Management is seeking additional opportunities and applications for two blocks in the Philippines are awaiting authorisation. The share price decreased 3.77% to 0.0255p.
Challenger Energy Group (LON: CEG) has completed the sale of its oil and gas operations in Trinidad and Tobago and has received a further $500,000 in cash. There are further deferred payments of $1m over the next 16 months. Total payment will be $1.75m, plus a potential contingent payment of up to $2m linked to production levels. The share price is 3.12% lower at 7.75p.