Wishbone Gold (LON: WSBN) has applied for 12 exploration tenements near to the Red Setter gold dome project. They are also close to the Telfer gold mine operated by Greatland Resources (LON: GGP). The share price jumped 94.4% to 0.7p.
TechFinancials (LON: TECH) has entered into an agreement to potentially acquire a 60% stake in the Dilotiko high-grade iron ore project in Kenya. The mining permit application is going through final evaluation. There has been historical exploration. This could be an open pit mine with a 20 year life. TechFinancials is issuing 20 million shares at a deemed share price of 0.25p for an option to acquire 60% of Dikotiko. Then, within 60 days 80 million shares, depending on the price will be issued to acquire 25% of project owner Dilotiko Ltd. Further shares will be issued to take the stake in the project to 60%. The deal was introduced by Gathoni Muchai Investment Company, which can appoint two directors to the TechFinancials board following the formal acquisition. The firm will also underwrite a placing to raise £250,000 at 0.25p/share. The share price rebounded 75.7% to 0.325p.
Coinsilium (LON: COIN) ay that its Forza! subsidiary holds 86.67 Bitcoin. Shareholder agreement to the issue of new shares will enable further investment. Trading activity in the shares has increased. The share price rose 54.3% to 27p.
The Smarter Web Company (SWC) raised a further £10.3m at 325p/share, which follows the previous placing raising £22.9m at 327p/share earlier in the week. The company currently owns 1,275 Bitcoin at a total cost of £100.1m. There is £31m left to be invested. In the past 30 days there has been a Bitcoin yield of 497% on its treasury holding. The share price improved 21.7% to 392.5p.
FALLERS
Shares in prize draw operator Good Life Plus (LON: GDLF) fell a further 32% to 0.425p following the previous week’s announcement that it plans to ask shareholders for approval to leave Aquis because it says there is limited liquidity, and it is getting funding outside of the market.
Vaultz Capital (LON: V3TC) director Neil Ritson has left the board. The company has submitted an application to commence share trading on the OTCQB Venture Market in the US. Bryan Reid has built up a near-11% stake. The share price dipped 28.1% to 16.625p.
Hot Rocks Investments (LON: HRIP) increased the size of its fundraising from £375,000 to £450,000, still at 1.125p/share. The share price declined 14.1% to 1.375p.
Broker VSA Capital (LON: VSA) returned to profit in the year to March 2025 as revenues roe from £1.89m to £2.78m. A small loss was reported, but that was due to the amortisation charge of £330,000. Underlying pre-tax profit was £323,000. There was £537,000 in the bank at the end of March 2025. The number of retained clients increased from 27 to 30. The share price slipped 2% to 4.9p.