Karelian Diamond Resources (LON: KDR) has been issued a mining concession certificate for the Lahtojoki diamond deposit in Finland. The deposit includes pink diamonds that can be sold for up to 20 times normal diamond prices. The share price soared 123% to 1.25p, back above the level at the start of the year.
Graphene technology developer Haydale Graphene (LON: HAYD) published a trading statement indicating the progress of graphene heater mats heating system JustHeat, which is generating revenues and distribution agreements are being secured with companies that will install the technology. An agreement with Jersey Energy Technologies, which could generate sales of £6m over five years. Ther are plans for an insurance backed warranty. There are other agreements in the UK and Europe, while UL certification has been received in the US. Costs are being further reduced from £275,000/month to £200,000/month. The share price rebounded 118% to 0.36p, which is the highest level for one year.
Tower Resources (LON: TRP) has awarded a rig contract to Advanced Energy Systems and this rig will be used to drill the NJOM-3 well on the offshore Cameroon Thali licence in the fourth quarter of 2025. The terms are better than the ones on offer earlier this year. The share price jumped 60% to 0.032p.
Distil (LON: DIS) shares rose by 50% to 0.21p after Dr Graham Cooley increased his stake in the spirts brands owner to 20.2%.
FALLERS
Metals One (LON: MET1) says it is nearing completion of the acquisition of the lease agreement for Swales gold property in Nevada. The cost is $100,000 plus a 2% net smelter royalty. The ownership of the property will cost a further $750,000. This will enable phase 1 exploration to start. A new subsidiary has been set up in Nevada. The share price dived 58.5% to 11.1p
Rosebank Industries (LON: ROSE) shares returned from suspension after the publication of an admission document. The share price dropped 49.1% to 328p. The cash shell restarted discussions for the purchase of critical electrical distribution systems supplier Electrical Components International Inc (ECI) and agreed a $1.9bn deal. A placing has raised £1.14bn at 300p/share – a large discount to the market price. An open offer could raise another £6.7m. Rosebank Industries joined AIM on 11 July 2024 after raising £50m at 250p/share.
Premier African Minerals (LON: PREM) has raised £1.575m at 0.012p/share and has also settled $1.1m of creditor invoices through the issue of 6.17 billion shares at the same price. The cash will be invested in processing equipment at the Zulu lithium and tantalum project. Talks with Glencore International for the purchase of spodumene concentrate will continue when grade and recovery are satisfactory. The share price slipped 39% to 0.0122p.
Kore Potash (LON: KP2) has signed non-binding term sheets for a $2.2bn financing from Switzerland-based investor OWI-RAMS. This involves project finance and royalty financing for the Kola potash project in Congo. The share price lost its gains over the past eight weeks and was 38.2% lower at 2.1p at the end of the week.