SulNOx Group (LON: SNOX) has signed an agreement with Eastern Pacific Shipping, which will use the SulNOxEco additive on a minimum of 30 vessels for at least 18 months. The data from this evaluation could be used for marketing. Easten Pacific Shipping will introduce other potential shipping company clients, and it is subscribing for up to 11.7 million shares in tranches at 2p each. This will happen over the 18-month period. There will be a subscription of up to 4.72 million additional shares at 2p each, which will be over a three-year period. This could total up to 11.8% of the enlarged share capital. The share price increased 2.7% to 95p.
FALLERS
Marula Mining (LON: MARU) says that the Kinusi coper mine is selling a total of 1,000t to four commodity trading groups. The sales have been delayed but should be completed by the end of January. Metallurgical test work results are expected later in January. Management is seeking to secure offtake agreements and non-dilutive funding. The share price slipped 12.1% to 3.625p.
IntelliAM AI (LON: INT) says David Richards is stepping down as chairman at the beginning of July. The share price declined 10.7% to 62.5p.
Max Capital reduced its shareholding in WeCap (LON: WCAP) from 8.09% to 7.94%. The share price fell 4% to 1.2p.
Kasei Digital Assets (LON: KASH) is conducting a strategic review, which could include a departure from Aquis or return of cash to shareholders. Management believes that the outlook for the market for digital assets is positive. However, costs are negatively affecting performance. There is cash of £782,000 and digital assets of £4.26m. The share price slid 3.57% to 13.5p.