AIM movers: River Global selling asset management business and DSW hit by postponed M&A
River Global (LON: RVRG) plans to sell the asset management business it has built up to Liontrust Asset Management (LON: LIO). The initial consideration will be £7.6m in Liontrust shares, followed by up to £2.1m shares depending on certain revenues being achieved. The deal will also release capital from the business. The Liontrust shares will be distributed to A share holders. The B shares are unaffected. The remaining interest will be a structured 30% interest in Parmenion, which is a high growth investment platform. Shareholders and the FCA have to approve the deal. The A shares jumped 29.6% to 4.375p, while the B shares improved 4.41% to 35.5p. Liontrust shares rose 4.9% to 257p.
Zambia-based lime producer Firering Strategic Minerals (LON: FRG) says kiln 2 performance continues to improve and discharge rates exceed 60 tonnes each day. Work has been commissioned on kilns 3 and 4. Both the kilns should be up and running by the end of the year. The limestone milling circuity installation could be commissioned in the third quarter. The share price soared by one-third to 1.8p.
Market research services provider System1 (LON: SYS1) is trading in line with expectations and strong momentum has enabled a forecast upgrade for 2026-27. There have also been cost reductions. The current year forecast is maintained at £2.1m, down from £5.2m. A pre-tax profit of £4.5m is expected for 2026-27, up from £2.7m previously, based on unchanged revenues of £39.1m. The share price increased 20.3% to 255p. Brave Bison (LON: BBSN) bought a 27.85% stake in Systems1 from the founder. The Brave Bison share price dipped 0.66% to 75.5p.
Botswana Minerals (LON: BMIN) had £60,000 in cash at the end of 2025, due to a rise in creditors offsetting the interim loss. There is potential for growth from copper interests. The share price gained 16.7% to 0.245p.
FALLERS
Wishbone Gold (LON: WSBN) shares dived 35.1% to 42.5p because of disappointment with the drilling results of the Red Setter project in Western Australia, which is near to the Telfer mine.
CPPGroup (LON: CPP) says it has been told that it will not receive any of the potential $5m deferred consideration for its former business in India. CPPGroup is considering its options, but if it does not receive any cash it will have to raise funding within 12 months. The share price slumped 31.8% to 50.5p.
Weak M&A activity has hit DSW Capital (LON: DSW) and Shore has slashed its expectations for this year. DSW blames the conflict in Iran saying that it has led to deals being postponed. The DR Solicitors business has grown revenues by 11% and is helping to diversify the source of revenues. The pre-tax profit forecast is cut from £2.36m to £1.31m. The dividend is still expected to be 3.3p/share. Next year’s forecast has been maintained at £2.55m. At 45p, down 18.2%, the shares are trading on 14 times prospective 2025-26 earnings.
Physiomics (LON: PYC) has received a general meeting request from Michael Whitlow, who owns 13.7%. He wants to appoint Nicholas Tulloch, Ian Bagnall, Martin Gouldstone and himself as directors and remove Dr Jim Millen, Shalabh Kumar, Dr Tim Corn, and Dr Peter Sargent, as long as least two of the new directors are appointed. The share price fell 7% to 0.465p.
Wishbone Gold shares sink after Red Setter gold project update
Wishbone Gold has reported results from its 2025 drilling campaign at the Red Setter project in Western Australia’s Paterson Province, confirming gold and copper mineralisation along a roughly 4km stretch of the Red Setter diorite trend.
The project sits alongside world-class gold assets, just 20km south-west of Greatland Gold’s Telfer mine and 50km east of Cyprium Metals’ Nifty copper operation.
But results from the ongoing drill programme haven’t yet proved that Red Setter is in the same tier as its neighbours, and shares sank over 20% in early trade on Monday.
The 2025 programme comprised seven holes, five targeting the main diorite trend and two testing a geophysical target identified through Mobile Magnetotelluric surveys.
Several holes returned notable intercepts, including 8.36m at 1.09 g/t gold and 0.05% copper from 305m in hole 25RSDD003, with a higher-grade core of 6.13m at 1.47 g/t gold. Elsewhere, hole 25RSRC002 hit 2m at 2.3% copper from 185m, while 25RSDD006 returned 5.76m at 0.66 g/t gold and 0.4% copper from 149m.
These results follow earlier drilling that produced hits such as 7m at 2 g/t gold and 0.38% copper, and spot assays as high as 6.48 g/t gold.
Crucially, the vast majority of the 4km trend remains untested.
On the back of these results, Wishbone has designed a fully funded 25-hole programme totalling around 9,000m for 2026, aimed at testing extensions to the known mineralisation and improving the understanding of structural controls along the trend.
The company expects to mobilise drilling crews once the wet season ends in April.
“Red Setter continues to demonstrate the hallmarks of a significant gold-copper system. With approximately 4 kilometres of prospective strike yet to be systematically drilled, we believe the project has the potential to host a substantial mineralised system.
“The planned 9,000 metre drilling programme in 2026 will be the largest undertaken at Red Setter to date and is designed to rapidly advance our understanding of the scale and continuity of the mineralisation.”
SEGRO to expand data centre portfolio with new 50MVA facility
SEGRO has taken steps forward in its 2.5GW-plus data centre programme, signing a new powered shell pre-let at its Slough Trading Estate and securing planning committee approval for a fully fitted facility in West London.
The Slough deal will see SEGRO develop a 30,000 sq m powered shell data centre for an existing customer at Europe’s largest data centre hub. The building will span three floors of data halls plus a rooftop plant deck, with 50MVA of power available when fully operational.
Planning is already in place through the estate’s Simplified Planning Zone, and SEGRO is targeting a BREEAM ‘Excellent’ rating.
Separately, the company’s joint venture with Pure Data Centres Group at SEGRO Premier Park in Park Royal has cleared the planning committee. The fully fitted facility will draw on 70MVA of incoming power and feature closed-loop liquid cooling to cut water consumption.
The two developments underline SEGRO’s growing push beyond its traditional warehouse and industrial roots into the booming data centre market, where demand for powered space across the UK continues to outstrip supply.
“These two announcements demonstrate further progress in our strategy to execute on the 2.5GW+ opportunity in our powered land bank,” said Andrew Pilsworth, Managing Director of Data Centres and Strategic Partnerships at SEGRO.
“The critical mass of data centres we have built up at Slough over the last 20 years, together with the Simplified Planning Zone status we have secured there were integral to enabling us to work with an existing customer to expand its campus, while allowing SEGRO to profitably utilise a relatively small 3.5 acre plot. Securing planning committee approval at Premier Park is also an important milestone for both our Pure JV at the site and, more broadly, in the evolution of SEGRO’s fully fitted data centre development strategy.”
Majestic Corporation gears up for launch of catalytic converter marketplace app
Majestic Corporation is nearing the launch of a catalytic converter marketplace app as it looks to broaden its digital footprint and deepen relationships within the metals and e-waste recycling industry.
Urban miner Majestic said it is in the final stages of developing a beta version of a mobile app that allows suppliers and buyers to identify catalytic converters and estimate their current market value.
The catalytic converter recycling industry is estimated to be worth $17 billion a year, according to market research firm MRU.
Majestic’s app, which will be available globally for a $10-per-month subscription, is expected to enter beta by the end of April 2026.
“We are delighted to share this update as we approach the launch of our catalytic converter marketplace app,” said Peter Lai, Founder, CEO and Chairman of Majestic.
“This platform represents a meaningful step forward for the Company, bringing greater transparency and accessibility to a core category of our organisation.
“By empowering both industry professionals and everyday users to confidently identify and value catalytic converters, we are strengthening our position in the circular economy while opening new channels for engagement and revenue generation.”
Majestic Corporation recycles a wide range of e-waste, including catalytic converters, circuit boards, mobile phones, and renewable energy products, and has seen revenues grow from $29m in 2023 to $49m in 2024.
For the six months to June 2025, Majestic posted a 22% increase in gross profit margin to 8.56%, up from 7.02% in the prior-year period, as the company focused on precious metals amid rising prices.
AIM weekly movers: CloudCoCo raised to cash to help to scale business
88 Energy (LON: 88E) says the sale of shares acquired through the small holding sale facility for holdings of fewer than $500 in value. There were 46.1 million shares sold. It also published a new corporate presentation on its website. The share price jumped 67.4% to 1.8p.
IT company CloudCoCo (LON: CLCO) announced it is raising £275,000 – the chairman Simon Duckworth is investing £210,000 – at 0.12p/share. A capital reorganisation is required before new shares can be issued for less than 1p each. The cash will fund Project Brightstar, which will enhance the company’s position in the B2B market. Target revenues are £10m, compared with £8m in the year to September 2025. The share price gained 60.9% to 0.185p.
Catenai (LON: CTAI) has invested a further £250,000 in AI technology developer Alludium, increasing its stake from 13% to 16.1%. Investee company Klarian is due to repay £699,000 in loans and fees on 25 April 2026. Catenai has not bought any Bitcoin yet despite having a Bitcoin treasury policy. The share price increased 45.2% to 0.305p.
T42 IoT Tracking Solutions (LON: TRAC) increased full year revenues from $4.16m to $6.1m and gross margins improved. This enabled a move from an operating loss of $900,000 to a profit of $400,000. Interest charges are likely to lead to a pre-tax loss, though. Momentum is set to continue. The share price improved 44.4% to 2.6p.
FALLERS
Agricultural and fire protection technology supplier Light Science Technologies (LON: LST) is acquiring Injectaclad for up to £4.8m, as well as paying £600,000 for the 10% minority shareholding in UK Circuits and Electronics Solutions and a related property, which can also be used for the fire protection division. Injectaclad has developed a remedial cavity fire barrier for properties and Light Science Technologies has a subsidiary that installs this product. The deal could help to improve margins by streamlining the supply chain. This fire protection division is providing revenues, while the agricultural lighting business is steadily being built up. Light Science Technologies could break even this year. A placing has raised £6m at 1p/share and a retail offer could raise up to £600,000 more. The retail offer closes on 16 March. The share price dived 65.7% to 1.15p.
There was profit-taking in Galantas Gold (LON: GAL) following the previous week’s share price jump and there was a decline of 38.7% to 38p.
Focus Explore (LON: FOX) has raised £75,000 through a convertible loan note fundraising. Antony Legge, David Russell and Neil Slade are joining the board. David Russell will be an executive director. The share price is one-third lower at 0.02p.
Celsius Resources (LON: CLA) had a cash outflow of $2.14m in the six months to December 2025. A further $9m was spent on exploration and investment. Cash was $2.16m at the end of 2025 and there are $3m of assets held for sale. The share price fell 29.3% to 0.725p.
Anglesey Mining (LON: AYM) has raised £680,000 at 6p/share, following the completion a £4m debt settlement agreement with Energold. There is £250,000 earmarked for dewatering of an existing shaft, £50,000 for analysis of samples and £100,000 for ongoing exploration. The share price slipped 26.7% to 5.5p.
Aquis weekly movers: Stak BTC share price doubles
Stack BTC (LON: STAK) raised £260,000 at 5p/share early in the week. The cash for acquisitions and investing in Bitcoin. The company subsequently bought 5 Bitcoin at £51,850 each and 5 Bitcoin at £52,758 each. The share price jumped 102% to 12.375p.
Fidelio Partners has a 20.2% stake in Supernova Digital Assets (LON: SOL). The share price increased 27.8% to 0.0575p.
B HODL (LON: HODL) announced a capital deployment programme. It is redeploying £350,000 in cash to invest in Bitcoin or buy back shares, which still leaves 24 months of working capital. B HODL will participate in the rewards account set up by CoinCorner, which owns 14.3% in B HODL, that will provide a return on part of the Bitcoin holding that is not in the Lightning network. The share price gained 19.2% to 7.75p.
Mendell Helium (LON: MDH) says M3 Helium, which it has an option to acquire that has been extended to 30 April, will commence drilling of wells on Rost and Enwell leases. The drill rig should arrive in the week beginning 16 March. The share price rose 13.35 to 4.25p.
Falconedge (LON: EDGE) says that the February Bitcoin yield was 0.912%. The total Bitcoin holding is 20.059694. The share price improved 2.04% to 1p.
Wishbone Gold (LON: WSBN) won a contested ballot for 67km2 of mineral title on crown land, 25km north-west of Telfer, which was applied for by multiple parties. The share price edged up 1.53% to 66.5p.
FALLERS
Vault Ventures (LON: VULT) is developing a post-quantum secure communications platform with Whitespace Global. The contract with Whitespace Global is worth £1.6m. Vault Ventures will have controlled ownership of the cryptographic architecture. The share price declined 29.7% to 1.3p.
The WeShop share price has fallen to $16.40, which is a drop of more than 90% since the high just after flotation. The value of the WeCap (LON: WCAP) shareholding is just over $20m. The WeCap share price fell 12.9% to 0.675p.
Coinsilium (LON: COIN) says that the Yellow network token and trading platform has been launched. The share price slid 12.3% to 2.85p.
Ajax Resources (LON: AJAX) has signed an agreement to acquire the Pereira Velho gold project. The payment is $200,000 cash plus $1.9m in shares, plus a 1.5% net smelter return, depending on the level of the gold price, which can be bought back for $1.5m. Ajax Resources issued 927,000 shares for the option agreement for the purchase of 100% to the Macacha project. Ajax Resources chief executive bought 264,146 shares at 8p each, taking his stake to 16.3%. The share price dipped 11.8% to 7.5p.
AIM-quoted Gana Media (LON: GANA) is providing a loan of up to £100,000 to NYCE International (LON: NYCE). The loan lasts with 12% and the interest rate is 7%. There are “discussions to integrate ‘NirmataPlay’ games aggregator into Estadio Gana Mexico”. NYCE chief executive Farzad Peyman-Fard is a non-executive director of Gana Media. The NYCE share price slipped 10.5% to 8.5p.
AIM movers: Atome agrees debt finance and strategic investors for Reabold Resources
Atome (LON: ATOM) has signed the debt financing agreement for the Villeta fertiliser project in Paraguay and that leaves the equity element of the funding to sort out. There will be 64% gearing on the $650m cost of the project. Atom will gain income from providing management services. The share price gained 19.2% to 59p.
Catenai (LON: CTAI) has invested a further £250,000 in AI technology developer Alludium, increasing its stake from 13% to 16.1%. Investee company Klarian is due to repay £699,000 in loans and fees on 25 April 2026. Catenai has not bought any Bitcoin yet despite having a Bitcoin treasury policy. The share price increased 15.1% to 0.305p.
A US strategic investor group led by Rohan Oza is investing £1.9m in gas projects developer Reabold Resources (LON: RBD) at 0.1p/share, although it is dependent on the raising of a further £1.1m. The cash will be invested in the West Newton project. The share price rose 15% to 0.115p.
Mark Dixon has increased his stake in skin treatments developer SkinBioTherapeutics (LON: SBTX) from 20.4% to 22%. The share price recovered 10% to 11p.
Security systems designer Thruvision (LON: THRU) has gained a further contract worth $600,000 from Greater Orlando Aviation Authority. The equipment should be delivered by the end of March 2026, and the contract includes two years of support. There will be five US airports with the Thruvision systems. The share price improved 8.57% to 0.95p.
FALLERS
Jangada Mines (LON: JAN) says drill results for the Paranaita gold project in Brazil have reaffirmed expectations. Gold mineralisation was intersected in all ten holes. The results provide a foundation for developing a low-capex, open pit project. The share price declined 15.5% to 1.775p.
West Africa-focused lithium projects developer Atlantic Lithium (LON: ALL) has slightly more cash than expected at the end of December 2025. There was A$5.4m in the bank. It could fall to A$2m by June 2026. The mining lease for Ewoyaa has still to be ratified, but the relevant committee sat at the end of February. The share price slipped 7.82% to 15.025p.
Aura Energy (LON: AURA) had $4.2m in cash at the end of 2025. That is after a cash outflow from operating activities of $4.37m and capital investment of $4.19m. The share price fell 7.69% to 6p.
Gana Media (LON: GANA) is providing a loan of up to £100,000 to Aquis-quoted NYCE International (LON: NYCE). The loan lasts with 12% and the interest rate is 7%. There are “discussions to integrate ‘NirmataPlay’ games aggregator into Estadio Gana Mexico”. NYCE chief executive Farzad Peyman-Fard is a non-executive director of Gana Media. The share price dipped 7.61% to 0.2125p.
FTSE 100 shakes off higher oil and poor UK economic data
The FTSE 100 reversed early losses on Friday as investors shrugged off strikes in the Middle East and disappointing UK economic data.
London’s leading index was up 0.3% at the time of writing.
Ongoing fears about oil and UK growth hit markets early on Friday, but the index rallied 100 points off the lows as the session progressed.
“Worries about how the UK economy will withstand the energy crisis have ratcheted up after a highly disappointing report card showed growth stalled in January,” said Susannah Streeter, chief investment strategist, Wealth Club.
“The Office for National Statistics painted a picture of stagnation for the UK, with the mighty services sector flatlining and production contracting, with the construction sector only just eking out growth.
“It doesn’t bode well for the resilience of companies ahead, faced with escalating energy prices which are likely to see many businesses battening down the hatches, putting investment plans on hold while hoping the storm subsides. Stagflation is stalking the UK economy, with inflation set to rise while stagnation settles in, with risks increasing that the economy could go into reverse.”
Although the FTSE 100 was down on Friday, the declines were relatively contained, suggesting an element of complacency given the risk to inflation from the conflict, which shows no signs of ending.
There were mixed fortunes for commodities firms, as higher oil prices supported BP and Shell, while a declining gold price hit Fresnillo, down 2%.
Berkeley Group was among the fallers after releasing a mixed trading update.
“Berkeley reaffirmed its £450m pre-tax profit guidance for the current year and FY27, alongside a target of around £300m in net cash, signalling confidence in its balance sheet despite a challenging backdrop,” said Mark Crouch, market analyst for eToro
“The broader market, however, remains fragile. Geopolitical tensions and macro-economic uncertainty have shaken consumer confidence, although Berkeley notes that sales enquiries remain solid and reservation levels are beginning to recover.”
Berkeley shares were down 3% at the time of writing.
‘Safer’ names, including Imperial Brands and Tesco, provided some balance to losses elsewhere with gains in the region of 1%.