Beowulf Mining secures £3.5m Bacchus Capital strategic investment
Beowulf Mining (AIM:BEM) agreed non-binding terms for a proposed minimum £3.5m investment from Bacchus Capital & Affiliates, forming part of a broader £4m financing package intended to recapitalise the company. The deal is designed to fund development of Beowulf's flagship Kallak iron ore project alongside its Grafinte asset. Shares surged 100% to 11.0p on the announcement, reflecting the transformational scale of the proposed funding relative to the company's previous capitalisation.
Iofina signs brine supply deal to lift IO#11 output
Iofina (AIM:IOF) secured an additional brine supply partnership to support its IOsorb plant IO#11 in Central Oklahoma, with the agreement expected to add an estimated 45-65 tonnes of iodine production per year. The deal directly expands the feedstock available to one of the company's existing processing facilities without requiring new plant capital. Shares rose 8.24% to 46.0p as investors welcomed the incremental production uplift.
Resolute Mining cuts Syama quarterly output guidance
Resolute Mining (AIM:RSG) warned that its Syama operation is now expected to produce approximately 30,000 oz in Q2 2026, materially below the 40,000-45,000 oz originally guided for the quarter. The shortfall pushes full-year expectations to the lower end of the 195,000-210,000 oz target range. Shares fell 5.92% to 60.4p in response to the production downgrade.
URU Metals demotes Zeb Target 2 after ground geophysics
URU Metals (AIM:URU) completed ground geophysical surveys at its Zeb Nickel Project, confirming magnetic bodies in both the northern and southern Target 2 areas. However, the results left Target 2 ranked as a secondary follow-up priority behind the company's preferred Target 1, which retains the primary focus for future work. Shares were broadly flat on the day, edging down 0.17% to 5.84p.
Forgent schedules Peak Hills aircore drilling for late June
Forgent (AIM:FORG) confirmed it will begin an approximately 2,860-metre aircore drilling programme at its Peak Hills gold-copper project in the week commencing 21 June, targeting seven priority areas. Initial assay results are expected in early August. The drilling timetable pushed shares up 20% to 0.018p.
Bluebird Mining Ventures records first full month of revenue
Bluebird Mining Ventures (AIM:BMV) confirmed it generated revenue across the entirety of May, marking its first complete month of trading income. The company also reported progress on asset restructurings and new hires, and noted that its treasury retains exposure to both gold and Bitcoin. Shares climbed 16.95% to 0.0614p on the milestone update.
