AIM movers: Positive trading news from Fulcrum Metals and Angle slumps

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Fulcrum Metals (LON: FMET) says the Teck-Hughes tailings project drilling has started and initial assays ae up to 1.2g/t gold. This is producing data for a mineral resource estimate. Phase 3 testing of the Extrakt technology will provide processing data. This will go towards the preliminary feasibility study. The share price recovered 51.8% to 6.375p. The July fundraising was at 3p/share.

Orosur Mining (LON: OMI) has published six more assays from the Pepa ME infill programme at Aza in Colombia. It also says that the El Cedro soil programme is producing excellent results. The share price improved 19.1% to 27.15p.

Secure payments PCI-Pal (LON: PCIP) grew recurring revenues by 27% to £20.5m. In the year to June 2025, revenue rose by one-quarter to £22.5m. There was a move from loss to p-tax profit of £800,000. Net cash was £3.9m at the end of June 2025. Annualised recurring revenues could grow at up to 20%/year. The share price increased 13.2% to 51.5p.

IT training provider Northcoders (LON: CODE) says its consultancy business Counter has secured a contract valued at more than £500,000 with a business management software company. This is a major contract for the recently rebranded business. The share price rebounded 11.9% to 37.5p.

FALLERS

Cancer diagnostics technology developer Angle (LON: AGL) has been winning contracts for its pharma services business, but it is a tough market, and interim revenues fell by one-fifth to £800,000. Net loss increased from £7.7m to £9.3m. Net cash was £5.3m at the end of June 2025. Cash lasts until the first quarter of 2026. The share price dropped 34.8% to 3.75p.

There is profit taking in recent new admission Medpal AI (LON: MPAL) and the share price fell 15% to 8.5p. The digital health and AI company raised £2m at 4p/share prior to joining AIM. This will finance the commercialisation of the company’s wellness app.

Arrow Exploration (LON: AXL) has four new wells onstream in the second half and production has increased to more than 4,800boe/day. Drilling will start at Mateguafa Oeste in mid-September. The share price dipped 5.56% to 12.75p.

Concrete levelling equipment supplier Somero Enterprises (LON: SOM) is still suffering from uncertain conditions in the US, but sales are also declining in other markets. There is lower activity in larger scale projects. Interim revenues fell 23% to $39.8m, while pre-tax profit slumped 52% to $5.4m. Annual cost savings of $6m have been made. Full year pre-tax profit is forecast to fall from $25.4m to $15.3m. The share price declined 1.1% to 222.5p, having been as low as 210p.  

The Tweakments Guide is raising funds to drive AI-powered engagement in the aesthetic treatments and skincare market

The Tweakments Guide is currently raising funds on Crowdcube to accelerate its growth strategy in the rapidly expanding UK aesthetics market.

Combining the power of AI with deep knowledge of the aesthetic treatments and skincare market, The Tweakments Guide is setting about improving the purchasing process for the millions of people in the UK who demand the best treatments and products.

Market opportunity: a £3.6 billion growth story

The UK aesthetics market presents exceptional growth dynamics for The Tweakments Guide and its investors.

Valued at £3.6 billion and expanding at 13% annually, the sector significantly outpaces broader economic growth, with 7.7 million consumers receiving treatments in 2023.

Underpinning the company’s future growth potential, research found that 13.9 million people are considering treatments within the next year.

This growth stems from fundamental demographic shifts. The core market of 25-40 year-olds drives the highest demand, while new emerging segments are likely to be responsible for additional growth.

Interestingly, male consumers represent a growing market segment, and social media platforms such as Instagram, TikTok, and YouTube continue to fuel expansion in core segments.

Adjacent markets amplify the opportunity. Cosmetic surgery adds £273 million in market value, while premium skincare e-commerce contributes £3 billion, growing at 15% annually.

The interconnectiveness of these related sectors has created multiple revenue pathways for The Tweakments Guide and powered their achievements to date.

The Tweakments Guide solutions

Consumer behaviour in aesthetics reveals a critical market inefficiency. Potential customers face an overwhelming choice without reliable guidance, and they struggle to understand treatment options, identify suitable practitioners, and navigate safety concerns in an unregulated market.

The Tweakments Guide addresses this information asymmetry directly.

Consumers demand clear, unbiased advice on treatments, practitioners, and products. Safety, quality, and value concerns drive decision-making, particularly given regulatory gaps in the UK market.

This, coupled with their core market’s purchasing power and propensity to spend, supports the firm’s future growth plans.

Among The Tweakments Guide’s newsletter subscribers and social media followers, 87.3% have received treatments previously, 33.7% plan to spend £1,000+ on treatments annually, and 57.3% report household incomes exceeding £75,000.

Business model: content-driven revenue generation

The Tweakments Guide operates a multi-faceted business model centred on trusted content creation. Founded in 2019 by award-winning journalist Alice Hart-Davis and Matthew Hindhaugh, the platform leverages 25 years of industry expertise to build consumer trust and drive commercial outcomes.

The current revenue structure demonstrates model viability across four primary streams:

Campaigns and Premium Listings: Brand partnerships and practitioner advertising generate consistent revenue through content marketing and website placements.

E-commerce: High-margin skincare and supplement sales leverage content trust to drive product purchases, achieving 45% margins with minimal price competition.

Events: Consumer and industry events create additional revenue while strengthening community engagement.

Lead Generation: Practitioner referrals monetize the platform’s advisory role, though systematic tracking remains underdeveloped.

The company plans to use the funds raised from this round to focus on scalable, recurring revenue sources. The company plans to boost advertising revenues, systematic lead generation, expanded e-commerce, and data monetisation. Each new patient lead represents approximately £1,000 value to practitioners, creating significant monetisation potential at scale.

Technology infrastructure: AI-powered engagement

The platform operates the sector’s only AI generative chatbot, powered by proprietary content databases. This system delivers personalised advice while integrating CRM data, driving both skincare sales and practitioner leads.

The AI chatbot cleanses personally identifiable information, avoids medical inaccuracies, and collects valuable consumer data throughout interactions.

AI technological capabilities enable systematic data collection across multiple touchpoints: website interactions, social media engagement, newsletter subscriptions, and purchase behaviour. This allows the firm to build a deeper picture of the consumer journey and create solutions to assist in this journey.

The company has alluded to data as a possible revenue source. Advanced analytics investment will deepen consumer insights, enabling sophisticated segmentation and personalisation.

The company plans tiered pricing models for data services, targeting aesthetic brands, clinics, and market research firms with anonymised, aggregated consumer intelligence.

Financial projections

The aesthetic treatments and skincare content platform has achieved profitability with minimal capital investment, generating £396k revenue and £118k EBITDA in 2024.

Financial forecasts demonstrate substantial growth potential from current profitability. Revenue projections show acceleration from £396k in 2024 to £5.8 million by 2028, representing compound annual growth exceeding 90%.

Practitioner revenues drive much of this expansion, growing from £1,700 in 2024 to £3.5 million by 2028 as lead generation systems mature and international expansion proceeds. Website revenues increase from £130k to £991k, while campaign revenues grow from £214k to £1.3 million.

Now seeking up to £600k in EIS-eligible equity funding, the company is positioned to scale its proven business model across multiple revenue streams and international markets.

For further information, please visit Crowdcube here.

Gold price hits fresh record high as Fed rate cut bets rise

Hopes of a Federal Reserve rate cut next week are driving the gold price higher with a series of record highs recorded in recent days.

Gold was last trading at $3,648 as investors positioned for action from the Fed to help stem a slowdown in job creation that threatens the growth outlook for the world’s largest economy.

“Gold is in a powerful uptrend and has set a record high near $3,648/oz, lifting year-to-date returns to around 45%, reflecting the confluence of falling U.S. Treasury yields, a weaker USD, and expectations that the Fed will cut rates soon,” said Linh Tran, Market Analyst at XS.com.

“The accompanying macro backdrop also supports this positive trend as data indicate the U.S. economy is weakening. The U.S. labor market has recently cooled, with NFP rising by only 22K versus the 75K consensus, the unemployment rate at 4.3%, JOLTS at 7.18 million, while the manufacturing PMI at 48.7 shows a slower pace of contraction.”

Tran continued to point to data later this week that could either upset the current narrative or further cement the chances of a rate cut.

“The upcoming “catalyst” is the U.S. CPI/PPI this week and the FOMC meeting on September 18, where the market leans toward a 25-basis-point cut—indeed, discussion of 50 basis points has also emerged,” Tran said.

“If inflation comes in “softer,” the easing narrative will be reinforced: real yields would continue to cool and the USD would weaken—creating a favorable environment for gold. Conversely, “hot” data could push yields and the USD higher, potentially triggering a technical correction in gold before the primary trend is reassessed.”

Geopolitics have taken a back seat to interest rates in recent weeks, and gold bulls will take comfort that a number of potential flare-ups could provide additional support for the price.

Eco Buildings shares rise as Albania momentum builds

Eco Buildings Group shares rose on Tuesday after the firm announced a major milestone with the first delivery of prefabricated wall components to its 18-unit apartment block project in central Tirana.

The delivery marks the start of on-site assembly for the €2.2 million contract announced earlier this month.

Investors cheered the news, and shares rose over 12% on Tuesday.

The company said its Albanian factory is now operating at full capacity. Additionally, 40% of the materials required for the apartment block are in stock, demonstrating Eco’s ability to scale construction and meet growing demand rapidly.

Cash flows are now secured as the company enters active production and validates the expansion strategy.

Interestingly for investors, Eco noted that the successful deployment of its proprietary prefabricated building system in Tirana is generating considerable interest from potential customers and management expects to secure additional contracts throughout 2025.

“Our factory is performing very well and reliably producing our Eco walls at pace,” said Etrur Albani, Executive Vice Chairman of Eco Buildings.

“Our inventory is sufficient to provide 40% of the total material required for this first apartment block. We have letters of intent for a further two apartment blocks of identical size and anticipate constructing all six planned for this site in the centre of Tirana. We look forward to announcing further contracts of this nature and hopefully others in the near term.”

Anglo American and Teck Resources to merge to create copper giant ‘Anglo Teck’

Anglo American and Teck Resources have announced a merger of equals that will create Anglo Teck, a global critical minerals giant positioned as one of the world’s top five copper producers.

The newly formed company is expected to provide investors with exposure to an entity that is 70% focused on copper, marking a strategic pivot towards the metals essential for the energy transition and a material shift in Anglo American’s traditionally diversified approach.

Anglo Teck will hold six world-class copper assets, notably the Collahuasi and Quebrada Blanca operations in Chile, which present significant optimisation opportunities.

The new group will also operate high-quality premium iron ore and zinc operations.

Anglo Tek will remain listed in London with additional listings on the Johannesburg Stock Exchange, Toronto Stock Exchange, and New York Stock Exchange through American Depositary Receipts.

Structure

Under the merger terms, Anglo American will issue 1.3301 ordinary shares to existing Teck shareholders for each outstanding Teck class A common share and class B subordinate voting share. This exchange ratio reflects a true merger of equals at current market values.

A key feature of the transaction is a substantial US$4.5 billion (approximately US$4.19 per share) special dividend that Anglo American will pay to its shareholders ahead of completion.

Following completion, Anglo American shareholders will own approximately 62.4% of Anglo Teck, with Teck shareholders holding 37.6%.

Management anticipates US$800 million in pre-tax recurring annual synergies, with approximately 80% realised within two years of completion. These savings will come from economies of scale, operational efficiencies, and commercial excellence across the combined operations.

Perhaps most significantly, the merger unlocks extraordinary value from the adjacent Collahuasi and Quebrada Blanca operations. Anglo Teck expects to realise an additional US$1.4 billion in underlying EBITDA uplift annually from 2030-2049 through operational integration and optimisation of these Chilean assets.

This synergy opportunity could increase copper production by approximately 175,000 tonnes annually, representing a substantial addition to global copper supply.

“We are unlocking outstanding value both in the near and longer term – forming a global critical minerals champion with the focus, agility, capabilities and culture that have characterised both companies for so long,” said Duncan Wanblad, Chief Executive Officer of Anglo American.

“Having made such significant progress with Anglo American’s portfolio transformation, which has already added substantial value for our shareholders over the past year, now is the optimal time to take this next strategic step to accelerate our growth. We have a unique opportunity to bring together two highly regarded mining companies whose portfolios and capabilities are deeply complementary, while also sharing a common set of values.”

AIM movers: Positive news from Pantheon Resources and expected Trellus Health fundraising

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Alaska-focused oil and gas explorer Pantheon Resources (LON: PANR) has successfully drilled the lateral section of the Dudhe-1 appraisal well to 5,200 feet, which is deeper than planned. It is preparing for flow testing. The management 2C resource estimate has been raised by 228mmbbl. Zeus has a total risked NAV of 77p/share. The share price increased 13.1% to 32.675p.

Invinity Energy Systems (LON: IES) has signed a memorandum of understanding with Xiamen C&D in China. The deal seeks to establish manufacturing of the company’s vanadium flow battery products in China. The share price improved 7.69% to 21p.

Journeo (LON: JNEO) says its recently acquired cyber security business secured a £5m framework agreement with a UK utility for infrastructure protection services. The share price rose 7.52% to 493.5p.

Building materials supplier SigmaRoc (LON: SRC) has managed to hold up volumes despite the weak European construction markets and the benefits of cost savings are coming through. Pro forma revenues were 1% down in the first half. Earnings increased 52% to 4.66p/share and net debt was reduced to £451m. The share price is 6.98% ahead at 124.1p.

Telecoms administration platform provider Cerillion (LON: CER) has won two contracts worth £17.3m over five years. An £8m services contract was won with the same European customer in May. These contracts could generate revenues of £5m this year, assuming an upfront software licence, and underpin the current forecasts. The share price is 6.03% higher at 1495p.

FALLERS

Digital health platform developer Trellus Health (LON: TRLS) had net cash of $1.6m at the end of June 2025, down from $4.3m at the end of 2024. The cash will last until November. The monthly cash burn has been reduced to $440,000. Revenues have reached $379,000. A fundraising is possible in the next few weeks. The share price slumped 40.6% to 0.475p.

Mercantile Ports & Logistics (LON: MPL) has been trying to refinance its loan facility with three banks. One of those banks has not yet agreed to a one-time settlement at a discount to the outstanding figure. The share price dipped 22.5% to 0.95p.

URU Metals (LON: URU) says the latest data on the Zeb nickel project in South Africa has delineated multiple discrete conductors and the 3D integration strengthens the case. There will be a follow-up programme prior to selecting locations for drill-testing. The share price slipped 14.7% to 3.2p.

UK regulatory changes hit UK revenues at Gaming Realms (LON: GMR), but the mobile games developer continues to grow strongly in North America. Interim revenues were 18% ahead at £16m, helped by an increase in brand licensing from £300,000 to £2.4m – that is more lumpy in terms of revenues. The UK games will be adapted for the new regulations by the end of the year, and revenues should recover. North American revenues continue to grow. and the company is launching in new markets. Full year pre-tax profit is forecast to grow from £8.3m to £11.2m. The share price fell 10.8% to 44.95p.

FTSE 100 carves out gains ahead of key US economic data

The FTSE 100 made steady progress on Monday as investors positioned for a US interest rate cut that looks almost certain after a poor Non-Farm Payrolls report on Friday.

London’s flagship index was 0.1% at the time of writing, as retailers, banks and housebuilders led the index marginally higher.

“The FTSE 100 ticked higher on Monday as investors shrugged off the weak US jobs numbers which affected sentiment at the end of last week,” says AJ Bell investment director Russ Mould.

“Investors were hoping for a Goldilocks number – which was not hot enough to prevent the Federal Reserve from cutting rates when it meets next week but not so tepid that it reignited fears of recession in the world’s largest economy.

“In the end, the reading came in significantly below expectations and led to concern about a downturn in the US.”

Investors will receive their next instalment of major economic data later this week in the form of PPI data on Wednesday then CPI on Thursday. With the Federal Reserve meeting scheduled for next week, some investment banks are calling for a 50-basis-point interest rate cut.

The data released this week will play a significant role in determining the extent of the reduction in borrowing costs when voting members meet next week.

In the meantime, investors are happy to focus on lower borrowing costs and look past the implications of slowing US growth.

In the UK, investors continued to digest a government reshuffle that appears to have avoided any major short-term volatility in UK government debt markets.

“UK Prime Minister Keir Starmer will be hoping the large cabinet reshuffle will quell concerns about his authority and close a highly difficult political chapter,” said Susannah Streeter, head of money and markets, Hargreaves Lansdown.

“Gilt yields eased back after the big moves were made, with some relief that Chancellor Rachel Reeves’ position appears secure.”

It’s a long road to November’s budget, and markets will be vulnerable to any signs of further mismanagement of the economy by Starmer’s government.

That said, the announcement of a partnership between FTSE 250 Vistry and the UK’s housing agency designed to build more homes has been taken well by investors and housebuilders rose on Monday.

Taylor Wimpey and Persimmon added around 1%. Vistry was 3% higher.

Marks & Spencer was the FTSE 100’s top riser after Citigroup raised their rating to a ‘buy’ with a 440p target.

Phoenix Group was firmly at the bottom of the leaderboard after the group released mixed results and announced it would rebrand as Standard Life after acquiring the business from Aberdeen. Phoenix Group was down 6% at the tme of writing.

The Property Franchise Group: shares trading at All-Time High levels, with Interims due tomorrow

Despite reports of quieter property markets, especially residential, some companies are still looking quite appealing within the overall sector. 
One company that stands out for me is The Property Franchise Group (LON:TPFG), which is reporting its Interim Results for the six months to end-June tomorrow morning. 
Its shares, now 556p, are currently trading at around their all-time highest levels. 
I consider that there is still more to come from this £354m-capitalised company. 
It is the UK’s largest multi-brand lettings and estate agency franchising group, with a portfolio ...

SigmaRoc: against challenging backdrop good Interims point the shares, now 116p, a great deal higher yet, TP 198p 

This morning’s Interim Results announcement from SigmaRoc (LON:SRC) reported good progress in its six months to end-June. 
The £1.26bn-capitalised group, which is now a big player in the European lime and minerals sector, saw its shares hit 126.20p a couple of weeks ago, since when they have eased back to 116p. 
Upon looking at the Interims, I take the view that this group’s shares now 116p are destined to climb a great deal higher. 
Key Resources 
Lime and limestone are key resources in the transition to a more sustainable economy.  
New applications for lime and...

Vistry partners with government agency to boost home building

Vistry Group has forged a strategic partnership with Homes England to tackle England’s housing shortage through a new joint venture backed by £150 million in capital investment.

The collaboration, named Hestia, aims to deliver high-quality, mixed-tenure communities across England. Both organisations are pooling resources to accelerate development on large-scale residential sites, with each project spanning between 400 and 3,000 homes.

Homes England is the UK government’s housing and regeneration agency responsible for ensuring the supply of affordable housing.

In a move that demonstrates broader sector commitment, Hestia plans to sell parcels of land from larger developments to small and medium-sized enterprise (SME) developers.

This strategy serves multiple purposes: it enables smaller developers to participate in large-scale projects whilst maintaining the joint venture’s focus on strategic site delivery. The UK is desperate for new homes, and the plans recognise that to achieve the UK’s 1.5m housing building target, the entire sector needs to be behind the drive to build more homes.

“As one of the country’s largest providers of affordable homes, we are closely aligned with Homes England and share their ambitions for further affordable housing delivery,” said Greg Fitzgerald, Chief Executive of Vistry Group.

“Hestia represents a bold and collaborative step forward in unlocking the potential of large-scale sites and accelerating the creation of thriving, mixed-tenure communities across England.”