AQUIS STOCK EXCHANGE
Reveille Resources (REV) has submitted the Environmental Impact Assessment (EIA) for the Val Vedello uranium prospect in Lombardy. The review of this application should be completed within nine months. The Novazza EIA was submitted in April and the authorities have visited the site. The share price more than doubled after the first week of trading and there was some profit-taking which led to a decline of 30.4% to 8p. The issue price was 5p.
Skin treatments developer Incanthera (INC) has completed the acquisition of enielle assets and it is being integrated with the business. Laura Brogden is stepping up to the board as finance director and company secretary. Werner Burki has been appointed a non-executive director and Caroline Murray will become chair. The company intends to reduce costs with the board mainly getting paid via options until profitability is achieved.
Delta Gold Technologies (DGQ) says the sponsored research at The Pennsylvania State University and University of Toronto have been making progress. The former has filed three patents that confirm “gold nanoclusters are a genuinely distinct class of quantum material rather than an incremental improvement on existing approaches”. They have particular applications in computation, sensing, and communication. At the University of Toronto there are likely to be patent applications in 2027. This research uses work uses Molecular Beam Epitaxy to work with gold at an atomic level.
Ian Bagnall has taken a 3.21% stake in Ormonde Mining (ORM).
Ethry (ETHY) is refocusing its strategy from standalone battery storage to solar-led developments in response to grid connection reforms. Three solar sites are in development and there are negotiations over other sites. Quantum computing will no longer be a focus. A non-disclosure agreement has been signed for a US data centre project with a specialist provider and there are discussions with a second data centre provider in the UK. There are talks with strategic investor the Liechtenstein Trust Integrity Network over potential opportunities.
Investment company Mollyroe (MOY) has advanced a further £25,000 to Cascade Studio, which recently launched its AI platform for industry. The balance is £765,000.
Hydro Hotel Eastbourne (HYDP) reported interim revenues edged up from £2.13m to £2.18m, but the loss increased from £97,000 to £212,000. Net assets are £3.83m, including £2.14m in cash.
Roundhouse AI (ETHL) has sold all its 469.63246 Ethereum holding at an average price of $1,890.43 each. The related loan has been repaid. The remaining cash will be invested in AI operations.
Tamar Minerals (TMR) has appointed Dominic Claridge as chief executive.
Gowin New Energy (GWIN) is launching a real world asset tokenisation product for premium tea assets. Its tea trading subsidiary will buy the tea, which will be held in a warehouse. Approvals for a pilot are being sought from Bitfinex, which has a digital asset service provider licence in El Salvador.
AIM
Pawnbroker Ramsdens (RFX) has upgraded its pre-tax profit guidance to between £32m and £35m. This has sparked an increase in the bid by Nasdaq-listed pawnbroker FirstCash, which previously acquired H&T. The bid has been raised from 600p/share to 675p/share, plus 9p/share in retained dividends. The weight of gold purchased has fallen slightly in recent weeks, but sales to bullion dealers are higher than previously forecast. June was a record for pawnbroking and there was a World Cup boost for foreign currency volumes.
Building products supplier Alumasc (ALU) has suspended its new chief executive Pamela Bingham and it is investigating her professional conduct. She was appointed at the beginning of April 2026. The previous boss had run the company for decades. The divisions have experienced management. Alumasc says trading is broadly in line with expectations, although forecasts have been trimmed. Underlying pre-tax profit is expected to decline from £14m to £10m. Housebuilding products sales grew by 16%, but strong comparatives and delays to orders meant that water management sales fell.
Orcadian Energy (ORCA) has started the assessment phase for the development of the Earlham and Orwell gas fields on the P2680 licence. The preferred option is an offshore power station and carbon capture, with power used for an offshore data centre. The Earlham field has high levels of carbon dioxide means it is not good for sale via pipeline. A new company called Earlham Gigagrid will be formed for the project.
Infill Capital Partners says that it does not intend to make a bid for hostels operator Safestay (SSTY). The indicative bid could have valued the company at £40.9m. NAV was 22.21p/share at the end of 2025. Net debt was £18.6m.
Sustainable additives producer Itaconix (ITX) increased interim revenues 72% to $8.3m with dishwasher demand continuing to rise. Guidance for revenues has been raised from $13.3m to at least $14.8m. There was growth in North America and Europe. Gross margins are improving. This should be enough to breakeven and invest more. There is plenty of spare capacity to grow into and new products are being developed. Itaconix, which normally provides ingredients, will supply dish detergent tablets to a North American brand. They will be in the shops by the end of the year.
Phosphate producer Kropz (KRPZ) says its subsidiary that operates the Elandsfontein mine has agreed a $12.3m loan facility with Ubunto-Botho Investments. Mining volumes have been hampered by variability of the ore body. There have also been cost increases. In the quarter to June 2026, 95,956 tonnes of phosphate was produced, which was down 17% on the previous quarter. There was 94,000 tonnes in stock at the end of the period. This has increased working capital requirements.
Potentially AI (AGI) started trading on 13 July after the AI business reversed into Tiger Alpha. There was a ten-for-one share consolidation and £4.9m was raised at 5p/share. There are plans to launch three products in the second half of 2026.
Iodine producer Iofina (IOF) says first half production was 29% higher at 393 tons with growth accelerating in the second quarter. Production is higher than forecast. Guidance for the second half is 460-485 tons. IO#12 should be in production later this year. The iodine price remains above $70/ton.
Synthetic binders developer Aptamer Group (APTA) expects revenues to grow by one-quarter to £1.5m. This includes initial licence revenues. The sales pipeline is 55% higher at £4.8m, which includes repeat business, and the order book is worth £600,000.
There are signs of improvement in the US construction market and Cavendish has upgraded its forecast for concrete levelling equipment supplier Somero Enterprises (SOM). Delayed work is starting to commence. Revenues have been raised 5% to $90.6m and operating profit is 17% higher at $15.9m with the margin one percentage point higher than previously forecast. Share buybacks help to increase the 2026 earnings forecast from 18.6p/share to 22.3p/share.
Clean Power Hydrogen (CPH2) raised £500,000 from a retail offer at 1.5p/share and the conditional placing was increased, so the total fundraising is £7.3m. There is also a £750,000 convertible loan note raise from Hidrigin, which will become manufacturing partner.
MAIN MARKET
Newspaper and magazines distributor Smiths News (SNWS) continues to win new national contracts. These are with magazine distributors Frontline and Seymour. They account for three-fifths of the market. Again, these are existing clients where the company will take over national distribution. They will be fully up and running by 2030 when annualised revenues will be increased by £105m. They last until 2037.
New Frontier Minerals (NFM) says analysis of samples from the Mt Storm copper prospect show encouraging results with copper values ranging from 0.49% to 6.88%. High recoveries are anticipated.
Andrew Hore