ITM Power (LON: ITM) has entered a strategic collaboration with Rheinmetall AG on the Giga PtX project to establish a European network of decentralised synthetic fuel production plants for NATO using the company’s electrolyser technology. There could be several hundred plants with an individual capacity of up to 50MW. The share price jumped 84.3% to 131.5p. This is the highest level since 2022.
Stephen Bayliss has raised his stake in Pipehawk (LON: PIP) from 10% to 11.2%. The share price recovered 71.4% to 3p, which is the highest it has been for nearly two years.
Great Western Mining (LON: GWMO) has signed a contract with Major Drilling America to undertake drilling at the Defender-Pine Crow tungsten project in Nevada. This is the primary focus of the company. Drilling should commence in July. An application has been made for cross trading of the shares on the OTCID market in the US to attract North American investors. The share price gained 67.1% to 3.325p.
Premier African Minerals (LON: PREM) is advancing installation of the processing plant and refining the plant configuration. Canmax Technologies has converted £187,000 of accrued interest into shares at 0.0126p each and £54,000 of contractor invoices have been paid in shares at the same price. Richard Deacon has increased his stake 4.83% to 8.55%, while Indigo Capital holds 9.59%. The share price rose 52.7% to 0.021p.
FALLERS
Quantum Health (LON: QHE) has raised £5m at 0.03p/share following demand from institutions. The cash will finance the development of the Sagebrush and Coyote Wash projects. The extended production test of Sagebrush-1 well is progressing. The share price slipped 24.85 to 0.0307p.
Quantum Blockchain Technologies (LON: QBT) has raised £500,000 at0.35p/share. It This will fund further development of Bitcoin mining technology, and this will help integrating the AI Oracle technology into mining rigs of ASIC manufacturers. There is £100,000 being set aside to set up BlocKeeper to develop a hardware free virtual Bitcoin mining operation by acquiring hashing power from Bitcoin miners. BlocKeeper will seek an Aquis quotation. The share price declined 22.9% to 0.37p.
Daniel Clark, one of the founders of RC Fornax (LON: RCFX), has sold his entire holding of 15.1 million shares. Pentwater Capital increased its stake from 5.14% to 8.27% and UBS has taken a 5.15% stake. The share price fell 21.8% to 8.8p.
Forgent (LON: FORG) is acquiring a 51% interest in the Peak Hills gold copper for $1.18m in cash and shares and raising £1.3m in a placing at 0.015p/share. There is an option over another 48% of the Peak Hills interest. Negotiations are ongoing over an option on a controlling stake in a nickel copper gold project in Western Australia. The share price dipped 20.9% to 0.0186p.