EnergyPathways (LON: EPP) will be awarded a gas storage licence by the North Sea Transition Authority for its MESH project. It covers up to 60 salt storage caverns. This is part of a project in the East Irish Sea. The gas storage facility could double the UK’s gas storage capacity. The share price jumped 51.5% to 10p.
Maven Renovar VCT has trimmed its stake in EnSilica (LON: ENSI) from 4.61% to 3.77%, while Richard Marley cut his shareholding from 4.05% to 3.96%. Despite this, the share price rose 47.2% to 106p.
Truetide (LON: TRUE) chief executive Trevor Brown bought 175,000 shares at 1.9p each. He owns 28.2% of the investment company. The share price increased 47.1% to 2.5p.
Investment that Light Science Technologies (LON: LST) made into gaining approvals in additional sectors for its contract electronics manufacturing business is starting to pay off. An initial order has been won from a medical devices supplier. This is worth £160,000 and could be worth up to £650,000 annually. This follows an order earlier this week worth £410,000 for the supply of Injectaclad material for fire protection. The acquisition of the Injectaclad business was completed on 14 April. The share price recovered 45.2% to 2.25p. The recent fundraising was at 1p/share.
FALLERS
Ethernity Networks (LON: ENET) has not received warrant exercises that it was counting on for cash, and the level of the share price means it is unlikely to happen in the short-term. Management costs are being reduced with the chief executive and R&D boss are reducing time on the business by 80%. Full year revenues are likely to be in the range of $1.6m to $1.8m. The share price halved to 0.0012p.
GreenRoc Strategic Minerals (LON: GROC) says Morrow Batteries, which was a potential partner, has filed for bankruptcy. GreenRoc Strategic says that this should not have a significant influence on the potential production of graphite active anode material. The company will host the opening of its pilot graphite processing plant in Horsholm, north of Copenhagen on 2 June. A warrant exercise at 2p/share raised £231,000. The share price dipped 21.7% to 4.15p.
Nicholas Slater has cut its stake in Blue Star Capital (LON: BLU) from 5.39% to 4.74%. The share price fell 17.8% to 9.25p.
Guardian Metal Resources (LON: GMET) is making progress with the pre-feasibility study for the Pilot Mountain tungsten project in Nevada. All drilling has been completed, and the project is set to be open pit. Plant design is advancing and groundwater availability is being assessed. An exploration update will be published after the pre-feasibility study. The share price declined 15.1% to 202p.