Shares in Helium Ventures (LON: HEV) jumped 627% to 43.625p after the shareholder approval for investment in Bitcoin mining and the establishment of a Bitcoin treasury. The company is changing its name to VaultZ Capital and it has raised £4m at 43p/share, most of which will be invested in Bitcoin. Former Argo Blockchain director Alex Appleton has been appointed chief executive and Sarah Gow, who was also at Argo Blockchain, has joined the board as an executive director. Pierre Villeneuve is chief investment officer. Global Investment Strategy UK is the new broker.
Hot Rocks Investments (LON: HRIP) has bought 200,000 more warrants in The Smarter Web Company (LON: SWC) exercisable at 2.5p each for 100p/warrant and one million shares in Tap Global Group (LON: TAP) ahead of its move to AIM. Hot Rocks Investments shares soared 410% to 2.5p and Tap Global Group shares rose 36.1% to 2.45p. The Smarter Web Company raised £29.3m at 180p/share and then announced a subscription agreement over 21 million shares, which Shard will try to place over the coming months. The total Bitcoin holding is 346.63 with an average price of £78,480 each. That is an investment of £27.2m. The share price increased 174% to 500p.
Coinsilium (LON: COIN) says the retail offer to raise £2.5m at 22.2p/share was heavily oversubscribed, and it decided to accept £4m. The Forza Gibraltar subsidiary has bought nearly 24.5 additional Bitcoin for £1.91m. The total cost of the 43.1077 Bitcoin owned is £3.38m. The share price moved ahead by 331% to 51.5p.
Vault Ventures (LON: VULT), which is starting a Bitcoin and Ethereum treasury, raised £1.25m at 0.018p/share. There is an eleven year plan, which focuses on growing the technology investment business, as well as the cryptocurrency investment. So far, 34.47 Ethereum and 0.22 Bitcoin have been purchased at a total cost of £81,000. Acquisitions are being assessed. The share price jumped 209% to 0.085p.
Valereum (LON: VLRM) has invested €1.7m for a minority stake in Fideum Group, which will be paid in a number of tranches up until June 2026. Fideum is a blockchain business. Gary Cottle has been appointed chief executive of Valereum. The share price rose 12.3% to 4.55p.
SulNOx Group (LON: SNOX) has raised £1m at 50p/share. SulNOx Innovations has been launched to invest in new fuel efficiency technologies. The share price increased 9.09% to 60p.
Pubs operator Daniel Thwaites (LON: THW) reported an improvement in full year revenues from £115.5m to £120.6m, while pre-tax profit rose from £9.1m to £9.8m after doubled property disposal gains of £400,000. The total dividend is raised from 3.35p/share to 3.5p/share. The pubs division improved operating profit from £13.9m to £14.6m and the hotels contribution rose from £6.2m to £7.4m. That is before group overheads. Net debt was £71.4m at the end of March 2025. The share price is 6.9% higher at 77.5p.
Diagnostics developer EDX Medical (LON: EDX) has signed a memorandum of understanding with Spire Healthcare. They will promote each other’s products and develop joint propositions. The share price improved 4.17% to 12.5p.
FALLERS
Walls & Futures REIT (LON: WAFR) gained shareholder approval to leave the Aquis Stock Exchange on 26 June and the proposed changes to the board were voted down. The share price declined by one-eighth to 17.5p.
Marula Mining (LON: MARU) has secured a 30-year surface use agreement for the Blesberg lithium and tantalum mine in South Africa. Progress is being made towards the granting of the ten-year mining right. The remaining condition is completion of the Broad-Based Black Economic Empowerment structure for the subsidiary. The share price slipped 12.1% to 3.625p.