AEP Plantations completes $162m Pinago acquisition in South Sumatra
AEP Plantations (AIM:AEP) completed the acquisition of Indonesian palm oil grower Pinago for US$162m, adding a mature, producing plantation operation in South Sumatra to its portfolio. The deal marks a significant step-up in scale for the group, bringing an established, revenue-generating asset into the fold rather than a development-stage project. The shares rose 8.91% to 1938.68p on completion.
Rainbow Rare Earths evaluates US stock exchange listing
Rainbow Rare Earths (AIM:RBW) confirmed its board has launched a formal review of a potential US stock exchange listing, citing the opportunity to access North American investor demand and improve valuation and trading liquidity. The move reflects growing appetite among critical minerals companies to position themselves closer to US capital markets and policy tailwinds around rare earth supply chains. The shares edged up 1.21% to 28.34p.
Kodal Minerals receives $89m from first three spodumene shipments
Kodal Minerals (AIM:KOD) reported that its Bougouni lithium project in Mali has generated approximately US$89m from three spodumene concentrate shipments, with mining and export operations continuing without interruption. The revenue milestone marks a meaningful validation of the project's commercial trajectory at a time when lithium market sentiment remains closely watched. The shares jumped 11.84% to 0.3467p.
Light Science secures first Injectaclad supply contract
Light Science Technologies Holdings (AIM:LST) won its first Injectaclad materials order since acquiring RLUK Injection, a contract worth approximately £0.41m to be delivered over 19 weeks and recognised within the current financial year. The order provides early commercial validation of the Injectaclad product line following the acquisition and signals the group is beginning to convert its expanded manufacturing capability into revenue. The announcement drove the shares up 17.61% to 1.823p.
Empire Metals confirms high-grade titanium core at Pitfield and Thomas
Empire Metals (AIM:EEE) released initial assays from the first 88 holes of a 712-hole drilling campaign at its Pitfield project, confirming multiple near-surface intervals above 7% TiO₂ and a peak 2-metre result of 17.83% TiO₂ at the Thomas target. The breadth and grade of the high-grade core continue to expand with each batch of results, reinforcing Pitfield's status as one of the more significant titanium discoveries in the AIM universe. The shares gained 11.58% to 34.7p.
Fusion Antibodies posts revenue growth and margin improvement in FY2026
Fusion Antibodies (AIM:FAB) reported full-year revenue of £2.13m alongside a gross margin strengthening to 50%, with cash of £1.04m at 31 March. The improvement in margins points to a more favourable mix of higher-value services, though the shares fell 7.87% to 12.898p, suggesting the market had anticipated a stronger recovery in the top line.
Tertiary Minerals fast-tracks Mushima North resource estimate
Tertiary Minerals (AIM:TYM) set out plans to accelerate infill drilling at its Mushima North silver-copper discovery in Zambia, targeting a maiden JORC Mineral Resource Estimate by the end of 2026. Alongside the Mushima programme, joint venture activity with KoBold Metals and First Quantum continues to advance, broadening the group's exposure to Zambia's copper belt. The shares rose 6.25% to 0.085p.
Technology Minerals subsidiary wins £400,000 battery recycling grant
Technology Minerals (AIM:TM1) announced that its 48.35%-owned subsidiary has secured Battery Innovation Programme funding of approximately £400,000 to deploy a pilot ReCAM system at its Wolverhampton plant, converting lithium-ion black mass into cathode active material. The grant provides non-dilutive capital to advance a process that sits at the heart of the UK's nascent battery recycling infrastructure. The shares surged 16.13% to 0.09p.
Vast Resources extends RTO long-stop date to 30 June
Vast Resources (AIM:VAST) agreed an amendment with Bay Square Pacific to extend the long-stop date on the sale and purchase agreement underpinning its proposed reverse takeover of Gulf International Minerals from 5 May to 30 June, following the receipt of Tajikistan regulatory approval. The extension keeps the transaction live while the parties complete remaining conditions, with the shares adding 4.35% to 0.12p.
Active Energy redeploys UAE capacity to accelerate Ghummud revenues
Active Energy Group (AIM:AEG) redeployed digital infrastructure from its 8 MVA UAE development to its Ghummud site, with the group projecting annualised hosting revenue of $400,000 per MVA once Ghummud reaches maximum capacity, a milestone it expects to achieve within six weeks. The operational pivot accelerates the path to meaningful revenue at Ghummud and lifted the shares 10.93% to 0.1248p.
GoldStone Resources begins stacking on Pad 6 and prepares JORC drilling
Goldstone Resources (AIM:GRL) began stacking agglomerated ore onto Pad 6, its largest heap leach pad to date, having produced 480 troy ounces of gold in the March quarter. The group is simultaneously preparing a JORC-compliant drilling programme aimed at expanding the Homase resource, combining near-term production momentum with longer-term resource growth. The shares rose 6.67% to 0.8p.
Amigo Holdings agrees rare earth JV in Tanzania's Songwe Region
Amigo Holdings (AIM:AMGO) entered a joint venture with AK Corporation to advance three contiguous rare-earth prospecting licences covering 17.73 km² in Tanzania's Songwe Region. The agreement pivots the group into the critical minerals space and aligns it with growing global demand for rare earth supply chain diversification. The shares jumped 14.55% to 3.15p.
Total Graphite commissions updated feasibility for Nevada PSG plant
Total Graphite (AIM:TGR) announced it will commission updated feasibility studies on a purified spherical graphite plant in Reno, Nevada, consolidating those findings with its Montepuez definitive feasibility study to advance an integrated mine-to-anode supply chain. The original plant model dates to 2017, and the refresh is intended to reflect current cost structures and US market conditions. The shares gained 3.22% to 1.5225p.
Kodal Minerals receives approximately $89m from first three spodumene shipments
ImmuPharma initiates IND-enabling programme for Kapiglucagon
ImmuPharma (AIM:IMM) engaged tranScrip to prepare a pre-IND meeting with the FDA and pursue a 505(b)(2) regulatory pathway for its Kapiglucagon diabetes prodrug. The 505(b)(2) route allows the group to leverage existing safety and efficacy data, potentially reducing the time and cost required to reach clinical milestones. The shares added 3.86% to 4.3p.
Smarter Web Company adds 27 Bitcoin under treasury strategy
Smarter Web Company (AIM:SWC) purchased 27 Bitcoin for £1.53m under its ongoing "10 Year Plan" acquisition remit, funded through its Coinbase credit facility. The purchase continues a systematic accumulation strategy that has become a defining feature of the company's capital allocation approach. The shares rose 12.21% to 40.456p.
Crimson Tide returns to profitability
Crimson Tide (AIM:TIDE) reported a return to profitability, with management identifying three growth levers: reduced customer churn, new business wins, and deeper penetration of the existing customer base. The update signals an inflection point for the mobile workforce technology provider after a period of investment, with the shares rising 7.27% to 88.5p.
Invinity targets 66% cost reduction in Endurium programme
Invinity Energy Systems (AIM:IES) intensified its Endurium cost-reduction programme, now targeting a minimum 66% reduction in product cost per kWh versus the VS3 baseline, to be delivered by late 2026, some 18 months ahead of prior expectations. The accelerated timeline reflects engineering progress and supply chain optimisation, and is central to the group's ambition to make vanadium flow batteries cost-competitive at scale. The shares were flat at 17.5p.
Altona publishes JORC estimates for fluorspar and gallium at Monte Muambe
Altona Rare Earths (AIM:REE) published JORC-compliant Mineral Resource Estimates for fluorspar and gallium at its Monte Muambe project in Mozambique, outlining a 9.5-year base-case fluorspar mine alongside a materially larger gallium resource with identified upside. Gallium's status as a critical mineral under increasing export restriction from China adds strategic weight to the estimate. The shares were broadly flat at 4.18p, down 0.48%.
