AIM movers: Third Xeros Technology licence and discounted Agriterra placing

Xeros Technology (LON: XSG) has signed a third global domestic XFilter licensing agreement. This is with another component supplier to domestic washing machines manufacturer, which has facilities in Europe, the US and Asia. This is a ten-year agreement providing a royalty per filter. The share price moved ahead by 4.88% to 4.3p.

Ten Lifestyle Group (LON: TENG) grew interim revenues by 49% to £30.9m and has 316,000 active members of its customer loyalty platform for financial institutions. Net cash was £500,000 at the end of February 2023. The interims will be released on 3 May. The share price is 4.83% higher at 92.25p.

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Thor Explorations (LON: THX) has updated the mineral resource estimate at Douta in Senegal. The indicated resource is 874,900 ounces of gold and an inferred resource of 909,400 ounces of gold. The total resource is 144% higher. A cut-off grade of 0.5g/t was used. A further 40,000 metres of drilling is planned. The share price rose 4.05% to 19.25p.

Africa-focused agriculture company Agriterra (LON: AGTA) is raising £200,000 at 1p a share with the possibility of up to £50,000 more. Magister Investments is converting £200,000 of debt at the same price. The share price slumped by 50.9% to 1.3p. The cash will be spent on purchasing cattle and working capital.

Nanyang Technological University is trying to terminate its software contract with Tribal Group (LON: TRB) and potentially claim damages. Tribal says mediation is required. This is a problem contract where a £4.5m provision was originally going to be taken in the 2022 results, which will be delayed. The share price dived by 15% to 42.5p.

Asiamet Resources Ltd (LON: ARS) has an updated BKM copper project feasibility study that estimates a capital cost of $236.5m, which is slightly higher than the previous estimate. The mine could generate more than $1.3bn over its life. The full feasibility study is near to completion. The financing process can then begin. The share price has fallen 11.8% to 1.125p.

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