Invinity Energy Systems (LON: IES) has launched its next generation flow battery ENDURIUM. This has higher efficiency and is designed to be manufactured in Scotland in high volumes. This new product is likely to be the main source of orders from now on. There are already orders for ENDURIUM. Invinity Energy Systems is expected to move into profit in 2026. The share price jumped 61.5% to 1.05p.
Fuel additives developer SulNOx Group (LON: SNOX) has raised £1.875m via subscription at 46.6p/share and an exercise of warrants at 29p/share. A subsidiary of McQuilling has invested in the subscription and it is the preferred partner in the US market. The share price increased 12.8% to 61.5p.
Vinanz Ltd (LON: BTC) intends to move to the Main Market. This depends on the FCA approving the prospectus. Shares will be issued to all option and warrant holders. The share price rose 7.02% to 15.25p.
Cannabis-based medicines developer Ananda Developments (LON: ANA) says its MRX1 drug candidate has passed through drug stability timepoints ahead of a phase 1 and two phase 2 studies. The share price is 2.67p higher at 0.385p.
FALLERS
Shares in Incanthera (LON: INC) continue to fall after it was accused of potential patent infringement in the formulation of its Skin + Cell skincare range. Even though Incanthera believes that there is no merit to the accusation, the launch of the Skin + Cell range of products has been delayed. The share price slipped a further 26.1% to 4.25p.
Equipmake (LON: EQIP) has launched a strategic review that could lead to the sale of the company. The company is still waiting for the final agreement for a $6m licence with a commercial vehicles manufacturer. It is running short of cash with £1.9m currently in the bank. That should last until March. A further share issue or a strategic partner will be required if Equipmake is to remain independent. VSA has been appointed as corporate adviser. The share price fell 6.25% to 1.875p.
Marula Mining (LON: MARU) says contract mining should begin at the Blesberg lithium and tantalum mine in South Africa during February 2025. There is a planned leasing agreement for support vehicles. The share price dipped 5.56% to 4.25p.
Coinsilium (LON: COIN) has appointed Oberon Capital as its joint broker. The company has entered a strategic advisory services agreement with TAND3M.io. The share price is 2.33% lower at 4.2p.