Tungsten West (LON: TUN) says the processing trial at the Hemerdon tungsten and tin mine has generated it first trial tungsten concentrate. The trial will de-risk operations and enable full-scale production to restart. The share price increased 15% to 11.5p.
Savannah Resources (LON: SAV) has raised £9.2m at 3.7p/share and a retail offer closing on 11 November could raise more cash. Three of Savannah’s largest shareholders, AMG Lithium BV, Grupo Lusiaves SGPS and Pluris Investments S.A. all subscribed for shares. Savannah Resources is developing the Barroso lithium project in northern Portugal. The cash will fund the acquisition of the Aldeia mining lease, which covers the 100%-owned C-100 mining lease at the Barroso project and to advance that project beyond the Definitive Feasibility Study, which is due to be completed during the first half of 2026. The share price gained 7.14% to 3.75p.
Digital health company MedPal AI (LON: MPAL) has launched retail pharmacy website MedPal.clinic. Users can access to clinical consultations with qualified clinicians at zero-cost. MedPal is a regulated distance selling pharmacy. The addressable market is worth more than £500m. There is also an AI-driven wellness app. The share price improved 5.56% to 7.125p. The August flotation price was 4p.
Yesterday, HSS Hire (LON: HSS) shareholders approved disposals and restructuring for the business. The CMA has confirmed it has no additional questions about the part of the restructuring involving Speedy Hire (LON: SDY). Shares in the renamed ProService Building Services Marketplace will be readmitted on 17 November. The share price rose 2.8% to 9.56p.
FALLERS
RentGuarantor Holdings (LON: RGG) is raising £2.5m at 12.5p/share. The cash will be used to grow awareness of the company and its rent guarantee service. The company will also further develop its network of partners, and the cash will fund further growth. RentGuarantor founder and chief executive is selling 2.18 million shares at the placing price. This could help liquidity. The share price slumped 44.4% to 12.5p.
Laundry technology developer Xeros Technology (LON: XSG) has raised £3m at 1.75p/share and a retail offer closing on 11 November could raise up to £1m more. There is also a follow-on subscription of £2m planned for later in November. This will strengthen the balance sheet so that existing contracts can be fulfilled and new opportunities progressed. Cavendish has published a 2026 forecast, which expects revenues to rise from £600,000 in 2025 to £1.4m. There will be initial filtration sales through Russell Hobbs and royalty payment from Yilmak. A 2026 loss of £2.1m is forecast. Even without the additional £2m there will still be net cash at the end of 2026. Revenues are expected to accelerate in 2027 and 2028. The share price fell 15.6% to 1.9p.
Supercapacitors developer Cap-XX (LON: CPX) improved full year revenues by 8% to A$4.94m and the post-tax loss was reduced from A$6.14m to A$3.93m. Cash was A$3.96m at the end of June 2025. Bookings are one-quarter higher in the first four months of the current financial year. The backlog was A$2.7m at the end of October 2025. Cash has fallen to A$1.5m after investment in inventory. An R&D tax credit of A$1.8m has been applied for. The share price declined 15.6% to 0.27p.