A busy Monday for small-cap newsflow, with resource upgrades, corporate deals and trading updates dominating the agenda. 88 Energy (AIM:88E)'s 35% uplift to South Prudhoe prospective resources set the tone for the energy and resources complex, while Staffline (AIM:STAF)'s double-digit gross profit growth and Winvia Entertainment (AIM:WVIA)'s £11.8m acquisition of Rev Comps added corporate substance to a session that also delivered a planning setback for Europa Oil & Gas.
88 Energy upgrades South Prudhoe 2U resources to 769m barrels
88 Energy (AIM:88E) published a materially upgraded resource estimate for its South Prudhoe project in Alaska, with 2U prospective resources rising approximately 35% to 768.9 MMbbls, the update arriving directly ahead of the planned drilling of the Augusta-1 well. The revised figures reflect updated subsurface work and substantially increase the scale of the prize the company is targeting with its upcoming well. Shares rose 4.33% to 1.4345p.
Tooru flags strong 2025 EBITDA and Q1 2026 momentum
Tooru (AIM:TOO) issued a positive trading update, with its operating subsidiaries expected to deliver a strong EBITDA performance for 2025 in line with management expectations, alongside encouraging momentum heading into the first quarter of 2026. The specialist food manufacturer gave no specific figures but the tone was unambiguously upbeat, with the shares responding with a 4.88% gain to 0.215p.
Eco Atlantic clears Ontario court hurdle for Falklands JHI acquisition
Eco (Atlantic) Oil and Gas (AIM:ECO) obtained the Ontario Superior Court final order approving its acquisition of JHI Associates, removing the last significant legal obstacle to completing the deal. The transaction will hand Eco Atlantic (AIM:ECO) a 35% participating interest in PL001, the offshore Falkland Islands licence, adding meaningful acreage to its Atlantic-focused portfolio. Shares edged up 0.97% to 55.12p.
Staffline reports 14.6% gross profit rise in AGM trading update
Staffline Group (AIM:STAF) used its AGM to deliver a confident trading update, reporting a 14.6% rise in gross profit in the first four months of 2026 and confirming that full-year 2026 results are expected to be in line with management expectations. The workforce solutions group's update pointed to sustained commercial momentum across its staffing and training divisions. The shares jumped 7.18% to 39.657p.
Winvia acquires Rev Comps prize-draw business for £11.8m
Winvia Entertainment (AIM:WVIA) announced the acquisition of the trade, business and key assets of Rev Comps, a UK prize-draw operator, for £11.8m in cash plus deferred consideration and an earnout. The deal expands Winvia's footprint in the fast-growing online competition sector and adds an established operator with an existing customer base. Shares climbed 4.44% to 235.0p.
Ariana Resources realises US$19.5m from Zenit stake sale
Ariana Resources (AIM:AAU) sold its 13.6% stake in Zenit for US$19.5m in cash, crystallising value from the holding and directing the proceeds towards funding the feasibility study at its Dokwe gold project. The disposal sharpens the company's strategic focus and provides a well-capitalised runway for the next phase of Dokwe's development. Shares gained 4.73% to 1.9375p.
Blencowe lifts Orom-Cross total resources to 64.3Mt with maiden Beehive JORC
Blencowe Resources (AIM:BRES) published a maiden JORC resource for the Beehive deposit at its Orom-Cross graphite project in Uganda, adding 21.3Mt at 6.58% TGC and lifting the project's total Mineral Resources to 64.3Mt. The update arrives as the company advances DFS optimisation work, with a further resource update expected in the second quarter. Shares slipped 0.7% to 7.924p.
CelLBxHealth deploys Parsortix platform in two AdventHealth cancer trials
CelLBxHealth (AIM:CLBX) confirmed that its Parsortix circulating tumour cell platform will be deployed in two clinical studies led by AdventHealth in the United States, with the trials testing exercise-based interventions in patients with colon, gastrointestinal and lung cancers. The partnership represents a meaningful commercial deployment of the Parsortix technology in an oncology research setting. Shares were broadly flat at 1.099p (-0.09%).
New Frontier Minerals progresses NWQ toll-treatment MOU with Austral
New Frontier Minerals (AIM:NFM) and Austral Resources completed a joint site visit to the Big One Deposit and Mt Storm at the NWQ Copper Project in Queensland, advancing a toll-treatment Memorandum of Understanding aimed at commercialising ore from the project. The MOU framework, if concluded, would provide a route to near-term revenue generation without requiring New Frontier to build its own processing infrastructure. Shares eased 2.77% to 0.316p.
Europa Oil & Gas refused planning for Yorkshire appraisal well
Europa Oil & Gas (AIM:EOG) suffered a significant setback after North Yorkshire Council's local planning authority rejected its application for the Cloughton gas appraisal well. The refusal came despite planning officers and 13 independent expert reports recommending approval, a rare outcome that underscores the political and regulatory difficulty of onshore hydrocarbon development in the UK. Shares fell 5.18% to 1.3749p.
Savannah Resources confirms July DFS target and orders first equipment
Savannah Resources (AIM:SAV) reaffirmed that its Barroso lithium project definitive feasibility study remains on track for completion in July 2026, and announced the purchase of a transformer as the project's first piece of capital equipment, a tangible step towards construction readiness. The company also confirmed that its RECAPE environmental submission has been pushed back to Q4 2026. Shares fell 2.9% to 6.7p.
Rockfire returns high-grade zinc-silver-germanium assays from Molaoi
Rockfire Resources (AIM:ROCK) reported assay results from drill hole HMO-015 at its Molaoi zinc project in Greece, with multiple high-grade intervals returned including 11.9m at 8.8% Zn alongside silver and germanium credits. The results form part of an ongoing diamond drilling campaign designed to upgrade the project's JORC Inferred resource classification. Shares fell 7.69% to 0.12p.
