SulNOx Group (LON: SNOX) has diversified into the demulsification market through developing a product with Cleaner Fuel Solutions in South Africa. The new product reduces the time taken to separate water and oil from toxic waste oil. The share price jumped 46.7% to 11p. That is a sharp recovery from the low less than two months ago.
Ananda Developments (LON: ANA) says that the highlight of last month was the quality of the cannabis plants grown from second-generation seed genetics. They are better than the plants developed from clones. MRX1 unlicensed medicinal cannabis oil is set to be listed in three medicinal cannabis clinics. The share price improved 11.6% to 0.675p.
KR1 (LON: KR1) had net assets of 61.29p a share at the end of March 2023. The income from digital assets was £583,000 during March. The share price rose 1.32% to 38.5p.
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Fallers
Four shareholders owning a 19.4% stake have requisitioned a general meeting at TruSpine Technologies (LON: TSP) on 31 May. They want four directors to be removed: Norman Lott, Nikunj Patel, Annabel Schild and Laurence Strauss. The only director they are not seeking to remove is Timothy Evans. They also want three nominees to be voted onto the board, which includes two of the requisitioners Peter Houghton and Todd Michael Cramer, as well as Anthony Swoboda. The board recommends voting against the resolutions. There are also disputes with the inventor of the company’s main technologies and the requisitioners talk about negotiating a new licence. The share price fell 10.5% to 0.85p.
Cadence Minerals (LON: KDNC) says investee company Hastings Technology Metals has hired GR Engineering Services as engineering, procurement and construction contractor for the Yangibana rare earth project. The overall cost is $210m, which is lower than previously estimated. First concentrate delivery should be in the first quarter of 2025. The share price slipped 0.55% to 9.995p.
