The share price of Empyrean Energy (LON: EME) continues to rise ahead of a proposed farm down by Conrad Asia Energy of its 75% stake in the Duyung PSC, where Empyrean Energy ha an 8.5% interest. Trading in Conrad Asia Energy shares has been halted on ASX ahead of an announcement. The share price improved 20.8% to 0.145p.
Quantum Blockchain Technologies (LON: QBT) has completed development of a software version of its Method C AI Oracle that enables more efficient Bitcoin mining. Testing shows a 10% plus improvement in mining efficiency. The software is integrated into CGMiner and similar operating systems. The software is independent of the ASIC, unlike the hardware version of the technology. The share price recovered 19.2% to 0.775p.
Critical power and data transmission products manufacturer Volex (LON: VLX) did better than expected in six months to September 2025 with revenues improving from $518.2m to $583.9m and underlying organic growth of 13%. Underlying pre-tax profit rose from $37.5m to $48.5m. Demand for data centres grew rapidly and this is an area where investment is continuing because of AI. Electric vehicles and off-highway divisions both grew strongly, and this offset lower revenue from medical and consumer. The geographic spread of manufacturing facilities is helping to offset some of the effect of tariffs, although the medical division was hampered by them. The appointment of Dave Webster as chairman will help Volex increase off-highway business in the US. Acquisitions are being considered. The share price gained 12.7% to 419.75p.
Concierge technology platform developer Ten Lifestyle Group (LON: TENG) increased full year net revenues by 4.5% to £65.7m and margins improved. Pre-tax profit jumped from £537,000 to £2.94m. The business is benefiting from a focus on customer loyalty by banks and other financial businesses. Net cash improved to £9.7m at the end of August 2025. Ten Lifestyle continues to invest in its platform with £12.6m spent last year, of which £6.7m was capitalised. Active members increased 7% to 375,000 by the end of August. Current trading is in line with expectations. The share price increased 7.84% to 55p.
Quicklime and critical minerals explorer Firering Strategic Minerals (LON: FRG) will receive a $1m in cash as a final settlement from Skylark Minerals. This relates to a dispute with Ricca Resources over an earn-in agreement that it withdrew from, and Skylak Minerals is currently involved in a transaction with Ricca Resouces. As a 10.6% shareholder in Ricca Resources, Firering Strategic Minerals is set to receive a further £2.9m from a shareholder distribution. That will fund the third tranche of the option over Limeco, which is due to be paid in January. That will take the Limeco stake to 36.2%. The share price is 6.06% higher at 1.75p, having been 2p early in the day.
FALLERS
Empire Metals (LON: EEE) is starting diamond drilling at the Thomas prospect within the Pitfield project in Western Australia. This will test the high grade TiO2 core of the prospect. There will be 1,000 metres across 10 holes. Assay results are due in January. Pitfield has a mineral resource estimate of 2.2 billion tonnes at 5.1% TiO2. The share price declined 7.35% to 31.5p.
Arrow Exploration (LON: AXL) says the Mateguafa-5 well has found high-quality oil in a thick interval of the Guadalupe formation and in a zone of the Cabonera C7 reservoir. Two more wells are planned. Arrow Exploration currently has total production of around 4,000 boed, including the latest well. Canaccord Genuity says that its forecast 2025 average production of 4,572 boed may be difficult to achieve. The share price fell 5.7% to 10.75p.
Alaska-focused oil and gas explorer Pantheon Resources (LON: PANR) is continuing well clean-up operations at the Dubhe-1 well. Only one-fifth of the injected water has been recovered with steady gas production and intermittent light oil. It will be a few weeks before a representative rate can be determined. The share price is 3.47% lower at 24.375p.