Vinanz Ltd (LON: BTC) has teamed up with Luxor Technology Corp to improve its bitcoin mining operating efficiency. Luxor’s firmware improves mining margins when profitability is low and can increase a machine’s hashrate when profitability is higher. The share price is 6.45% higher at 8.25p.
Wishbone Gold (LON: WSBN) has secured an option to acquire 100% of the Crescent East lithium and gold project in the Mosquito Creek area of Western Australia. Shares were issued at 1.25p each to pay the £25,000 option fee. The share price rose 5.41% to 1.95p.
Res Privata NV has increased its stake in NFT Investments (LON: NFT) from 3.33% to 4.09%. The share price increased 5.33% to 1.975p, which is below NAV.
Fuel additives developer SulNOx Group (LON: SNOX) has successfully demonstrated the effectiveness of drop-in fuel conditioner SulNOxEco in the shipping sector. Monaco-based dry-bulk ship management company Marfin Management trialled the additive onboard a 60,000 MT DWT bulk carrier over a three-month period. This showed improvements in fuel consumption. The share price added 1.82% to 28p.
FALLERS
Cadence Minerals (LON: KDNC) says investee company Hastings Technology Metals has agreed a $50m equity funding facility for the Yangibana rare earths project. Hastings Technology Metals can draw down up to $50m from Alpha Investment Partners to provide working capital for the development of the mine. Project financing talks are progressing and there have been offers from potential partners and debt providers. Cadence Minerals has a 1.4% stake in the investee company. The share price dipped 5.22% to 6.35p.
