Afentra raises US$40m in oversubscribed placing to accelerate growth
Afentra (AIM: AET) raised gross proceeds of US$40m through an oversubscribed placing of 44.32m new shares at 67p, signalling strong institutional appetite for the company's oil and gas strategy. The raise is intended to accelerate the pursuit of new opportunities, with demand exceeding supply in the bookbuild. Shares eased 2.78% to 68.93p on the day, a modest dilution-related drift rather than any signal of concern, given the placing price sat just below the prevailing market level.
Gateley warns of paused transactional timelines hitting profit
Gateley (Holdings) (AIM: GTLY) delivered the day's sharpest share price fall, dropping 16.79% to 55.25p, after warning that uncertainty stemming from the UK Budget and developments in the Middle East had caused clients to pause or extend transactional timelines. The legal and professional services group now expects FY26 revenue of approximately £193m, up around 7%, but underlying operating profit of £21m–£22m, in line with consensus though clearly insufficient to reassure investors given the macro headwinds cited by chief executive Rod Waldie.
Premier Miton adopts 75% dividend policy as AuM slips to £9bn
Premier Miton Group (AIM: PMI) fell 6.72% to 34.98p as the asset manager reported assets under management declining to £9bn, though it simultaneously adopted a new policy of distributing 75% of earnings as dividends, a move designed to return more capital to shareholders as the business stabilises. Chief executive Mike O'Shea said the group was seeing "initial signs of stabilisation as performance improves and our actions take effect," framing the AuM decline as a trough rather than a trend.
Altona confirms heavy rare earths and xenotime at Monte Muambe
Altona Rare Earths (AIM: REE) surged 33.68% to 2.941p after assays from its 2025 drilling programme confirmed widespread heavy rare earths enrichment linked to fluorspar mineralisation at Monte Muambe, and, crucially, identified xenotime at the project for the first time. Xenotime is a phosphate mineral that is a primary carrier of heavy rare earths including dysprosium and terbium, and its presence materially upgrades the project's strategic credentials. Chief executive Cedric Simonet described the results as a significant step in defining the deposit's full potential.
Metir lands first US commercial sale of PFAS detection technology
METIR (AIM: MET) jumped 17.75% to 0.7948p after announcing the first commercial placement of its PFAS water quality detection technology in the United States, with the sale made to Veralto, a water analytics business. The milestone represents the company's first revenue-generating deployment in the world's largest environmental monitoring market. CEO and chair Bob Moore said the placement "illustrates and provides further validation of the growing demand for rapid, field-deployable PFAS monitoring solutions."
Technology Minerals resets strategy and seeks fresh equity
Technology Minerals (AIM: TM1) fell 21.38% to 0.057p as it announced a comprehensive strategic reset, launching what it calls its "Mantle" strategy, an approach anchored in sovereign critical minerals supply and national resilience. The company is seeking to raise new equity to fund the initial phase of the expanded strategy and to settle outstanding convertible loan notes. The combination of dilution risk and strategic uncertainty drove the sharp decline, with chief executive Nick Bridle framing the pivot as a necessary repositioning for a changed geopolitical landscape.
Angus Energy restructuring nears completion as AIM suspension continues
Angus Energy (AIM: ANGS) rose 14.29% to 0.24p, though trading on AIM remains suspended, after the company confirmed that legally binding documentation for its proposed financial restructuring is progressing, with completion expected in the coming weeks. The company acknowledged the process had moved more slowly than anticipated but said finalisation was on track. Suspension will remain in place until the restructuring is complete.
GEO Exploration completes Gorge field reconnaissance ahead of drilling
GEO Exploration (AIM: GEO) climbed 21.74% to 0.14p after completing initial field reconnaissance at its Gorge Project, gathering geological and geochemical data that will underpin a broader survey and a planned maiden drilling campaign. CEO Omar Ahmad said the reconnaissance phase had met its objectives and that the company was now advancing towards the next stage of the exploration programme.
Tertiary Minerals places shares to fast-track Mushima North drilling
Tertiary Minerals (AIM: TYM) placed 1.97bn shares at 0.05p to raise £985,000, earmarked for drilling and technical studies at its Mushima North Target A1 silver project. The shares fell 9.38% to 0.0589p on the day, a typical post-placing adjustment. Chief executive Richard Belcher said the funds would allow the company to move quickly on Target A1, which it regards as a priority asset.
Hamak reports high-grade near-surface gold at Akoko oxide project
Hamak Gold (AIM: HAMA) fell 8.94% to 0.7057p despite reporting encouraging assay results from seven additional RC holes at its Akoko oxide gold project, including intercepts of 2.12g/t Au over 28 metres and 1.57g/t Au over 14 metres. The results reinforce the near-surface oxide model at the project, though the share price reaction suggests the market had already priced in positive news flow. CEO Karl Smithson said the intercepts continued to build confidence in the deposit's geometry.
CRISM Therapeutics wins Innovate UK grant for glioblastoma trial
Crism Therapeutics Corporation (AIM: CRTX) gained 2.05% to 11.225p after securing a £896,088 non-dilutive grant from Innovate UK, covering 70% of a £1.28m project to deliver Part 1 of an open-label Phase 2 registration-grade trial of irinotecan-ChemoSeed in surgically resectable glioblastoma. The grant removes a meaningful portion of near-term funding risk for the trial, with CEO Andrew Webb describing the award as validation of the technology's clinical potential.
Safestay exits loss-making Berlin Kurfürstendamm hostel
Safestay (AIM: SSTY) confirmed it will close its Berlin Kurfürstendamm hostel after the landlord served notice to terminate the lease, with the group intending to liquidate the operating subsidiary. The site had been loss-making, and the exit removes a drag on group profitability. Shares were unchanged at 13.5p. The company did not provide a timeline for the wind-down of the subsidiary.
Pennant launches Auxilium Phase 3 integrated product support platform
Pennant International Group (AIM: PEN) edged down 0.62% to 23.355p as it launched Auxilium Phase 3, a significant product upgrade that consolidates its GenS, Analyzer and R4i applications onto a single server and shared data environment. The company described the platform as a "future-ready foundation" delivering an Integrated Product Support capability, with CEO Phil Walker positioning the release as a key step in the group's longer-term product evolution.
Switch Metals prepares scout drilling at Issia lithium-tantalum project
Switch Metals (AIM: SWT) fell 2.67% to 12.1667p as it outlined plans for a circa 2,500-metre scout drilling programme at its Issia project, targeting lithium and tantalum pegmatites in Côte d'Ivoire. The company also issued shares to settle consultant fees. CEO Karl Akueson pointed to improving conditions in the lithium market as a supportive backdrop for advancing the programme.
Neo Energy extends Beatrix 4 shaft acquisition deadline by six months
Neo Energy Metals (AIM: NEO) fell 5.06% to 0.845p after announcing that regulatory approvals for its acquisition of the Beatrix 4 shaft from Sibanye-Stillwater had not yet been granted, prompting both parties to extend the regulatory deadlines by six months. CEO Theo Botoulas said the extension was a procedural step and that the company remained committed to completing the transaction.
Helium One secures first offtake for Galactica Pinon Canyon output
Helium One Group (AIM: HE1) rose 5.55% to 0.571p after operator Blue Star Helium agreed a fixed-price, three-month purchase and sales contract for early production from the Pinon Canyon area of the Galactica Project, the first formal offtake commitment for the asset. The agreement provides commercial validation for the project's early production phase and marks a meaningful step towards monetising the resource.
ECO Animal Health renews credit facilities on improved terms
Eco Animal Health Group (AIM: EAH) edged up 0.54% to 93.5p after renewing its committed £10m revolving credit facility with NatWest on more favourable terms and extending its £5m overdraft. The refinancing strengthens the group's liquidity position and reduces financing costs, providing a more stable platform for its veterinary pharmaceutical operations.
Springfield Properties eliminates bank debt ahead of expectations
Springfield Properties (AIM: SPR) gained 4.09% to 97.32p after confirming it had eliminated all bank debt at its financial year end, described by CEO Innes Smith as "significantly ahead of market expectations." The housebuilder also said FY2026 revenue was in line with forecasts, providing a clean balance sheet alongside operational delivery as the company positions for the next phase of growth.
Jubilee Metals resumes copper ramp-up after annual maintenance
Jubilee Metals Group (AIM: JLP) confirmed it had completed annual maintenance at its copper operations, commissioned a new fine copper concentrate dewatering circuit, and resumed a ramp-up targeting 30,000 tonnes per month of run-of-mine throughput. Shares were unchanged at 2.8p. The operational restart positions the company to rebuild production momentum through the second half of the year.
S4 Capital targets margin improvement as AI-driven turnaround continues
S4 Capital (AIM: SFOR) fell 6.58% to 40.45p as the advertising group guided for 2026 like-for-like net revenue of £632–£663m, representing a low single-digit decline on 2025, while targeting at least a 100 basis-point improvement in operational EBITDA margin. The company described itself as "half-way through" an AI-driven turnaround, with the revenue decline reflecting the ongoing transition rather than a structural deterioration in client demand.
Hydrogen Utopia launches Fortress Fuel subsidiary for military markets
Hydrogen Utopia International (AIM: HUI) fell 8.36% to 2.52p as it announced the incorporation of Fortress Fuel, a dedicated subsidiary designed to convert waste plastics into deployable, off-grid fuels and power for military forward operating bases. The move represents a pivot towards defence and security markets, with the company positioning the subsidiary as a response to growing demand for fuel security solutions in military applications.
Guardian Metal makes new tungsten discovery at Pilot Mountain
Guardian Metal Resources (AIM: GMTL) rose 9.18% to 17.6p after announcing the discovery of multiple tungsten-bearing skarn intervals in a newly identified zone, dubbed the "Tremor Zone", at its 100%-owned Pilot Mountain project in Nevada. The discovery has the potential to expand what is already considered one of the largest undeveloped tungsten deposits in the United States, at a time when the strategic importance of domestic tungsten supply has risen sharply.
