Watch the online presentation for Cornish Metals, featuring Chief Development Officer Fawzi Hanano.
Cornish Metals is a dual-listed company (AIM / TSX-V: CUSN) focused on advancing the South Crofty high-grade, underground tin project towards a construction decision. South Crofty is a strategic tin asset in the UK and covers the former producing South Crofty tin mine in Cornwall which closed in 1998 following over 400 years of continuous production.
Online retailer Boohoo (LON: DEBS) is starting to improve its performance, but there is a long way to go. In the six months to August 2025, revenues fell from £385.4m to £296.9m, but there was a swing from an adjusted loss of £9.2m to an operating profit of £1.8m. There was still a pre-tax loss. Cost savings have been made and a full year pre-tax loss of £11.5m is forecast. Net debt should start to decline. There is a new incentive scheme for executives. Chief executive Dan Finley could be paid £148.1m if the share price reaches 300p within five years. Goldman Sachs has raised its share price target for the online retailer from 16p to 17p, but still says sell, while Barclays has cut its target from 13p to 11p and remains underweight. Despite this, the share price soared 104% to 23p.
European Metals Holdings (LON: EMH) joint venture Geomet has secured a €360m grant for the Cinovec lithium and tin project in the Czech Republic. This is Europe’s most advanced lithium project. EMH owns 49% of Geomet, which is expected to publish a definitive feasibility study soon. Zeus has modelled a 25-year mine life and an NPV10 of $1.04bn. Zeus has a fair value share price of 75p. The share price jumped 92.7% to 21.2p.
Lung imaging technology developer Polarean Imaging (LON: POLX) has signed a distributor agreement with DK Healthcare in South Korea. It has also won an order from the National Taiwan University Hospital for a Xenon MRI research system through its partner Philips. Polarean Imaging is asking for shareholder approval to leave AIM at a general meeting on 15 December. Even so, the share price recovered 47.1% to 0.125p, which is well below the 0.4p prior to the announcement of a strategic review.
Tanfield Group (LON: TAN) says the US courts have granted a motion for partial summary judgement in the dispute over Snorkel International, where Tanfield has a 49% stake that is the subject of a call option by the other shareholder. This summary judgement says that the 49% stake cannot be acquired for nil as the partner wanted to. A valuation plus interest will be calculated. The trial will begin in October. The share price increased 40.1% to 6.725p.
FALLERS
Syngas technology provider Eqtec (LON: EQT) has total debt of £6.1m and requires more cash for working capital. Major shareholder Rebel Ion may end up acquiring the £5.1m loan and the £700,000 convertible loan, which will be immediately converted. There is a standstill agreement with the existing lenders of the £700,000 convertible loan and this lasts until the end of the year. Existing shareholders may be offered the chance to acquire part of the debt. Discussions continue. The share price declined 37.1% to 0.11p.
Security technology supplier Thruvision (LON: THRU) grew interim revenues 36% to £2.6m, even though retail revenues were lower. Cash was £2.1m at the end of September 2025. The second half will be tougher than expected and Allenby has reduced its full year revenues forecast from £8m to £5m, while the loss is raised from £2.21m to £3.55m. There will still be cash by the end of March 2026. Herald has sold its 8.89% stake and Dr Graham Cooley has raised his shareholding from 6.8% to 7.02%. The share price is one-third lower at 0.55p.
Premier African Minerals (LON: PREM) has raised £500,000 at 0.0575p/share. This will be invested in the processing plant for the Zulu lithium and tantalum project. The share price dipped 32.4% to 0.0575p.
CelLBxHealth (LON: CLBX) raised £6.8m at 1p/share and could raise up to £1m more from a retail offer closing on 1 December. A capital reorganisation will reduce the nominal value of the shares so that they can be issued at this price. There will be £1.9m spent on R&D, £1m for sales and market and £1.2m for reorganisation and IT systems. The cancer diagnostics company will progress partnerships and reduce annual operating costs by more than £5.9m. Ther will also be development of additional assays for the Parsortix platform. The share price slid 30.9% to 1.175p.
Valereum (LON: VLRM) has entered into an agreement to raise $200m of royalty and streaming capital from new special purpose segregated portfolio company, Valereum QGP-SP, which is being formed to list on a US National Exchange. There will be a one year option over a stake of 49.9% in Valereum in return for the royalty and streaming income. This will help to accelerate development of the crypto and blockchain platforms and finance acquisitions. The share price jumped 146% to 14.75p.
Digital asset company Vaultz Capital (LON: V3TC) holds 135 Bitcoin. Two resolutions related to a share capital reorganisation and a reduction in nominal value were withdrawn from the AGM following shareholder feedback. The share price bounced back 53.3% to 2.875p.
Ajax Resources (LON: AJAX) had cash of £1.37m at the end of August 2025. It is in the process of acquiring the Paguanta silver lead zinc project in Chile. Drilling should commence soon at the Eureka project. The cash will finance this and a JORC compliant mineral resource estimate. The share price gained 34.9% to 7.25p.
AI software company IntelliAM AI (LON: INT) has won contracts in the building products sector. They cover 15 sites and should generate £250,000 in this financial year. Annual recurring revenues were £1.18m at the end of September 2025, Cash was £786,000 and a further £250,000 has subsequently been raised at110p/share. A WRAP retail offer could raise up to £150,000 more. This will fund the delivery of the co-development partnership with a global engineering manufacturer. The share price is 18.2% higher at 130p.
WeShop (NASDAQ: WSHP) shares ended the week at $145.21. WeCap (LON: WCAP) has an interest valued at around 28p/share. The share price increased 8.33% to 2.6p. Hot Rocks Investments (LON: HRIP) owns a stake worth $21.8m and the share price rose 3.7% to 1.4p, which values the investment company at £3.4m.
Mendell Helium (LON: MDH) has extended the broker option of up to 10 million shares until 3 December. A further £12,000 has been raised via subscription at 3p/share. The share price improved 4.35% to 3p.
Chairman Richard Oldfield bought 25,000 Shepherd Neame (LON: SHEP) shares at 467.6p each. The share price edged up 0.4% to 466p.
FALLERS
Cannabis medicines developer Ananda Developments (LON: ANA) is calling a general meeting on 12 December to gain shareholder approval to leave Aquis. This will save money and may make it easier to raise cash. Initial data from a phase 1 human study for MRX1 has shown a positive safety profile. The final study should be complete in the second quarter of 2026. The share price slumped 51.1% to 0.11p.
Trading in Amazing AI (LON: AAI) shares was suspended following the resignation of Guild Financial Advisory as corporate adviser. The company has hired Rosenblatt Law to pursue a legal action against Tom Winnifrith and Share Prophets Ltd. Chief executive Paul Mathieson is also pursuing legal action, although his social media comments will not help him. The share price had fallen 21.4% to 0.275p by the time of suspension on Wednesday.
Wishbone Gold (LON: WSBN) is consolidating 100 shares into one new share and trading will commence on 1 December. The pre-consolidation share price was 19.4% lower at 0.725p.
Café chain Cooks Coffee Company (LON: COOK) increased interim revenues by 111% to NZ$5.77m, helped by managed stores in Ireland via the partnership with Dairygold. Pre-tax profit fell from NZ$530,000 to NZ$68,000. Overall store sales were 26.9% ahead at NZ$45.5m. There are currently 100 stores, most of which are franchised, with a target of 300 by 2034. Net debt is NZ$1.73m. Since the half year end total sales have risen 21.8%. The share price dipped 5.56% from its 2025 high to 8.5p.
Sulnox Group (LON: SNOX) has secured a major distribution agreement for its reduced emissions additives in the marine sector through Drew Marine USA, which operates in 1,200 ports around the world. The share price slipped 4.17% to 57.5p.
The FTSE 100 ticked higher on Friday as traders continued to move into UK stocks after this week’s budget.
The measures announced on Wednesday were much better than some had first feared. Investors will be encouraged by the lack of immediate impact on consumer spending, and the absence of immediate impact on the economy will be negligible.
The longer-term picture is much harder to gauge, but reaction from business hasn’t been overly negative, with JPMorgan even pledging to build a brand new 12,000-person headquarters in Canary Wharf.
This mild confidence was reflected in UK equities, with the FTSE 100 edging higher.
“The FTSE 100 looks set to end the week in decent fashion and US futures point to post-Thanksgiving gains when Wall Street opens for business,” says AJ Bell head of markets Dan Coatsworth.
“UK housebuilders remain in decent fettle after the Budget – which didn’t contain any nasty surprises in terms of property taxes, bar the so-called ‘mansion tax’.
“The exception to the sector’s positivity is Berkeley which has greater exposure to the premium end of the market where the new supplementary council tax charges are more relevant.”
Berkeley Group Holdings shares slipped 0.7% while Persimmon added 0.1%. Rightmove was also marginally higher, with the housing market left largely unscathed by the budget.
Whitbread was the top faller after being hit by two broker downgrades.
“Broker ratings changes don’t always grab investors’ attention but a double downgrade from analysts on Premier Inn owner Whitbread has sparked a big reaction,” Coatsworth said.
“The share price has been shaken to its foundations by Bernstein making a handbrake turn from a positive to a negative view on the hotels group.”
Whitbread shares were down 4.5% at the time of writing.
Weir Group was the top riser, adding 1.9%, after Exane BNP reinitiated the stock with an outperform rating.
In an era where early detection can transform outcomes, one British MedTech company is turning the world’s attention to a surprising but powerful diagnostic tool – the human eye.
Occuity is a Reading-based innovator pioneering the emerging field of Oculomics, the study of how the eye can reveal insights into wider systemic health. Using light to scan through the eye and analyse the reflections returned, Occuity’s patented optical technology can detect subtle biomarkers linked not only to eye conditions such as glaucoma and myopia, but also to major systemic diseases including diabetes and Alzheimer’s.
As CEO and Co-Founder, Dr. Dan Daly highlights: “Ultimately, our aim is to replace invasive finger stick tests used by millions daily to measure glucose, with a simple, pain free scan of the eye”
Revolutionising diagnostics through light
Whilst a non-invasive glucose meter is the main goal, the company is taking a strategic approach to delivering it. At the heart of the Occuity’s work is a versatile optical platform technology that enables a pipeline of handheld, non-contact devices capable of delivering clinical-grade measurements quickly and painlessly. Its first commercial product built on the platform, the PM1 Pachymeter, provides precise corneal thickness measurements used in glaucoma screening and laser eye surgery, whilst its next device, the AX1 Axiometer, is aimed at the fast-growing myopia management market – targeting a disease forecast to affect half the world’s population by 2050.
Further along the roadmap are devices designed to identify and monitor key biomarkers for diabetes and Alzheimer’s, where non-invasive screening could provide an invaluable step forward in early detection and patient management. This includes the future development of the ‘Indigo’ – a non-invasive glucose meter, which aims to measure glucose levels through the eye.
Platform power and protection
Occuity’s core advantage lies in its patented optical technology platform, which serves as the foundation for multiple devices. The company currently holds 15 patent families (14 granted, one pending) with a further six in draft. Each new product builds upon the same core architecture – from optics and scanning systems to alignment and data algorithms – creating scalability and strong intellectual-property protection.
As CTO and Co-founder Dr Robin Taylor explains, “Occuity is a patent-heavy organisation by design. Our patents are structured into a robust patent thicket that safeguards not just our core optical platform, but every product that stems from it, giving us real strength and long-term value as we grow.”
Accessibility meets opportunity
Traditional optical instruments are often large, complex and costly. Occuity’s design philosophy flips this on its head, focusing on portability, simplicity and patient comfort. Its devices require no chin rest, dark room or consumables, making them cost-effective for clinicians and easy to deploy not only in hospitals but in point of care providers such as optometry practices, community settings, pharmacies and even in the home.
This approach does not just simplify healthcare delivery; it broadens access to advanced diagnostics. With more than 19 global distributors already on board, Occuity is well placed to bring its technology to scale.
Investing in the future of health
With global markets for diabetes care (projected at US $62.73 billion by 2032) and Alzheimer’s diagnostics growing rapidly (US $14.14 billion by 2032), Occuity’s platform offers investors exposure to several multi-billion-pound opportunities, all built around a proven core technology.
The company’s crowdfunding round on Republic Europe gives investors the chance to join its mission from as little as £30. For those looking for an ethical, high-growth investment in an area with vast potential impact, Occuity stands out as one to watch.
“We’re using the eye as a window into the health of the body,” says CEO and Co-founder Dan Daly. “Our goal is to make disease detection and monitoring smarter, faster and completely non-invasive, improving lives on a global scale. Significantly, from an investor perspective, whilst our work on our non-invasive glucose meter is really exciting, we’re not a one trick pony and our technology is being proven by our current products.”
As Oculomics moves from research into real-world applications, Occuity’s optical platform places it firmly at the forefront of this healthcare revolution.
Occuity’s Republic Europe crowdfunding campaign is now live, giving you the opportunity to back a company that has proven its technology, established early revenues and built a clear roadmap to scale.
Disclosure: This article is for information purposes only and does not constitute investment advice. Capital is at risk.
European Metals Holdings (LON: EMH) joint venture Geomet has secured a €360m grant for the Cinovec lithium and tin project in the Czech Republic. This is Europe’s most advanced lithium project. EMH owns 49% of Geomet, which is expected to publish a definitive feasibility study soon. Zeus has modelled a 25-year mine life and an NPV10 of $1.04bn. Zeus has a fair value share price of 75p. The share price jumped 56% to 19.5p.
Boohoo (LON: DEBS) shares continue to rebound following yesterday’s results showing a fall in pre-tax loss. Goldman Sachs has raised its share price target for the online retailer from 16p to 17p, but still says sell, while Barclays has cut its target from 13p to 11p and remains underweight. Despite, the share share price has improved a futher 22.7% to 22.45p. The new incentive package for chief executive Dan Finley could be worth £148.1m if the share price reaches 300p within five years.
Shares in TV and film vehicle and equipment hie company Facilities by ADF (LON: ADF) recovered following yesterday’s trading statement. Second half revenues improved, but not as much as hoped, and the full year pre-tax forecast has been downgraded from £2.1m to £1.3m. Net debt could be £13.5m by the year end. Next year, higher utilisation levels would mean that pre-tax profit could improve to £1.6m. The share price recovered 14.5% to 17.75p.
Logistics Development Group (LON: LDG) has published an unchanged NAV of 26.7p/share at the end of September 2025. The share price rose 6.27% to 15.25p.
FALLERS
Tern (LON: TERN) says it has insufficient cash to meet investment calls from the Sure Valley Ventures Enterprise Capital Fund. Tern agreed to invest up to £5m and so far, has invested £1.3m. Tern will be a defaulting investor and could forfeit its investment or have it transferred to another investor. Alternatively, the investment may be retained, but some rights to distributions could be lost. Tern has enough cash for its own requirements until early in 2026. The share price slumped 22.2% to 0.35p.
An AGM update by Quadrise (LON: QED) reveals that negotiations on trial agreements for the company’s enhanced fuel with Cargill and MSC are continuing. MSC is concerned about ongoing supply after the trial. Valdor has secured funding for a pilot plant and Quadrise should receive $1.5m in payments by June 2026. The share price declined 10.5% to 2.685p.
Aferian (LON: AFRN) has extended the repayment deadline for its bank facilities of $16.5m to 12 December as it explores the potential sales of the Amino and 24i business and the company as a whole. The £1.125m loan from Kestrel matures at the end of January 2026. The video streaming technology provider will publish a trading statement in December. The share price slipped 7.5% to 1.85p.
essensys (LON: ESYS) founder and non-executive director Mark Furness, who stepped down as chief executive in May, has submitted an indicative offer of 20p/share for the developer of Software-as-a-Service and cloud services for the flexible workspace sector. In April 2022, Mark Furness bought 20,934 shares at 94.5p each, taking his stake to 30.4%. This offer would value essensys at £13m. A trading statement revealed revenues of £4.1m in the quarter to October 2025, but a contract worth £900,000 each year is set to end in December. There will be cost savings, but 2025-26 results will be lower than expected. A debt facility is being negotiated. The figures for the year to July 2025 have not been published, but a previous trading statement indicated a fall in revenues from £24.1m to £19.2m with cash of £1.8m. The share price initially rose, but it is currently 6.45% lower at 14.5p. essensys joined AIM on 29 May 2019 when it raised £14m at 151p/share.
Mitchells & Butlers shares rose on Friday after announcing strong full-year results with like-for-like sales up 4.3%, outperforming the market by around 3%.
The company reported adjusted operating profit of £330m, up 5.8% on the prior year, with margins improving to 12.2%.
Total revenue reached £2,711m for the 52 weeks ended 27 September 2025.
Trading was particularly robust during the festive period last year, with like-for-like sales surging 10.4%. Investors will hope this can be replicated in the coming weeks.
The first quarter achieved 3.9% growth despite adverse weather, whilst the second quarter delivered 4.7% growth aided by good weather and strong Mother’s Day trading.
Third-quarter performance benefited from Easter’s timing shift, achieving 5% like-for-like growth. The fourth quarter saw 3.2% growth, with solid performances in mid-market pubs and restaurants, though London and premium venues were slightly weaker.
But investors will be more interested in what’s happened since the end of the period and a pick up in trade at the beginning of their new financial year.
Mitchells & Butlers shares were 8% higher at the time of writing.
“Mitchells & Butlers is one of the first consumer-facing companies to assess the impact of tax rises and the further hike in the National Living Wage. In its full-year results, like-for-like sales growth was a smidgen ahead of recent guidance, up 4.3%, with total revenue coming in at £2.7 billion,” said Derren Nathan, head of equity research, Hargreaves Lansdown.
“Operating profit rose £22 million to £322 million. After a slowdown in fourth quarter trading, markets should respond well today to news of a bounce back in the last 8 weeks, with resilient like-for-like growth of 3.8%. Cost inflation guidance for this year was already high at 6% so there may be some relief that this remains unchanged in the wake of recent policy announcements with the shares up 8% at the open.”
European Metals Holdings shares surged on Friday after announcing that its subsidiary Geomet has been awarded a grant of up to €360m for the development of the Cinovec Lithium Project in the Czech Republic, subject to completion of administrative processes.
The funding comes through the “Strategic Investments for a Climate-Neutral Economy” programme, administered by the Czech Ministry of Industry and Trade, and recognises the importance of the asset for future security of European lithium supply.
The European Commission designated it a Strategic Project under the EU Critical Raw Materials Act, whilst the Czech Government classified it as a Strategic Deposit.
European Metals Holdings shares shot up by around 70% before easing back.
Investors will be delighted to see the deal done with lithium plays attracting nowhere near as much interest as they once did.
“This is a transformational milestone for European Metals and the Cinovec Project,” said Executive Chairman, Keith Coughlan.
“The Czech Government’s award of a grant of up to EUR 360 million represents one of the largest direct project-level funding commitments to a critical raw materials project within the European Union. Following the previously detailed formal recognition of the Project, the approval of such a significant financial contribution clearly demonstrates the support for and importance of Cinovec in the future of European electromobility.
“Coming at a time of renewed positive outlook for lithium and strong geopolitical commitment to Critical Raw Material supply chain security, the grant confirms the significant support at both Czech Government and European Union levels.”
The grant, which will be paid in Czech koruna as a reimbursement of eligible capital expenditure, represents up to 35% of qualifying project costs for investments in designated Czech cohesion regions.
The project has also secured a $36 million grant from the EU Just Transition Fund.
The final grant amount will be confirmed upon formal award and may be less than the maximum €360 million allocation.
Serabi Gold has delivered shareholders a bumper period of performance in the first nine months of 2025, with production rising 19% and profitability nearly doubling compared with the prior year period.
The Brazil-focused gold miner produced 32,634 ounces in the nine months to 30 September, up from 27,499 ounces in the same period last year.
Third-quarter production reached a record 12,090 ounces, positioning the company to meet its full-year guidance.
Higher gold prices and increased production saw EBITDA surge 95% to $48.2 million from $24.7 million, whilst post-tax profit climbed 96% to $34.9 million. Earnings per share nearly doubled to 46.10 cents from 23.55 cents.
The company’s balance sheet strengthened considerably, with cash holdings exploding to $38.8 million at quarter-end from $22.2 million at year-end 2024.
Operating cash inflow reached $34.3 million for the nine-month period, after mine development expenditure of $4.1 million, compared with $18.2 million in the prior year period.
Cash costs edged up marginally to $1,429 per ounce from $1,405 per ounce, whilst all-in sustaining costs rose to $1,816 per ounce from $1,790 per ounce. With the gold price above $4,000, Serabi is enjoying a healthy margin.
“The continued strong operational performance combined with higher average gold prices has driven a 95% year-on-year increase in EBITDA to $48.2 million and the Company closed the quarter with a cash balance of $38.8 million, up from $22.2 million at 31 December 2024,” said Colm Howlin, CFO.
“Net cash inflow from operations for the nine-month period, after mine development expenditure of $4.1 million, was $34.3 million, highlighting the strong cash-generating capacity of the business.
“All-In Sustaining Cost (AISC) averaged $1,816 per ounce for the period, reflecting the impact of ongoing development investment and inflationary cost pressures. We continue to strengthen our balance sheet with margins remaining robust, supported by firm gold prices, higher production volumes, and disciplined cost control.
“In parallel, exploration and resource development drilling continued across both the Palito Complex and Coringa, with approximately 27,937 metres completed year to date. Early results are encouraging, supporting the Company’s objective of increasing resources to the 1.5-2.0Moz range in the oncoming years as part of Phase 2 of our growth strategy.”
