Latest news with #AIM-quoted
Daily Mail
02-05-2025
- Business
- Daily Mail
SMALL CAP MOVERS: 'Funding alarm button' drives share price slump
Three of the week's biggest casualties revealed just how tough it is for small-caps at the moment as they hit the funding alarm button. Mirriad Advertising lost almost 90 per cent of its value after the company warned it may soon run out of money and could enter administration within days unless fresh funding is secured. The AIM-quoted virtual product placement specialist revealed that talks over a potential takeover had collapsed at the end of April, leaving the board scrambling for alternatives to keep the business afloat. For Enteq Technologies (down 69 per cent), the end of the line appears to have arrived. After failing to find suitable funding, the drilling group is bringing in the administrators. Shares in Totally tumbled 60 per cent as a flurry of unsettling news hit the market. The healthcare services provider cut its profit expectations sharply, announced the departure of its chief financial officer, and launched a strategic review to shore up its finances. Adding to investor unease, the group disclosed a historic medical negligence claim that may exceed its £10 million insurance cover. Mirriad, Enteq and Totally were blots on an otherwise serene landscape for the UK's growth companies, with confidence seeping back into the market. The AIM All Share rose 4 per cent over the trading week and is up 11.5 per cent since hitting a 15-year low in early April after President Trump's all-bets-are-off tariff assault knocked global stocks for six. For once AIM outperformed the blue-chips, with the FTSE 100 up just 1 per cent over the last five trading days. Sticking with the positivity, Metal One continued on its upward trajectory (albeit from a low base) as it formally inked the share purchase deal for uranium projects in the US and outlined plans to get the drill rig turning. Last month it received £3.1 million in new investment to carry out the work. The structure of the deal means it could bring in a further £10 million (if the stock behaves as anticipated). Certainly, it seems to be heading in the right direction with a 74 per cent gain. There was a buzz around Aurrigo International without the news flow to back it. It remains to be seen whether the Coventry-based autonomous vehicle technology firm has something up its sleeve to justify the 74 per cent ramp in the share price. Dr Graham Cooley, who built his reputation in hydrogen with ITM Power, is now turning his attention to drinks - and, in particular, Distil, in which he has built an 18 per cent stake. The maker of Blavod vodka, Red Leg rum and Blackwoods vintage gin saw its shares power up 55. per cent Thursday was a big day for Seeing Machines, the in-vehicle eye-tracking specialist. Its third-quarter update revealed the business had emphatically turned a corner after being hit by the headwinds across the automotive industry. Volumes reached 358,000 units in the quarter, up 34 per cent from the previous period and 14 per cent year-on-year, though still below the Q1 peak. Brokers Peel Hunt and Stifel described the recovery as reassuring, with Stifel noting the company has now surpassed 3.24 million cars on the road using its driver monitoring systems. Itaconix, the plant-based polymer specialist, had a decent week as its shares motored 10 per cent higher. The trigger? Stability in an industry riven by volatility. In an update it said it still expects to meet its 2025 targets, despite growing uncertainty over US trade policy following tariff threats from President Donald Trump. The group, which supplies sustainable ingredients used in household products such as laundry detergents, said recent US trade actions were likely to raise some of its production costs. And finally, the progress of Ilika appears to have gone largely ignored or underrated by investors. But for how long? On Thursday, it confirmed its prototype solid-state battery cells have met performance targets in third-party tests - a key step towards commercial traction. The P1 Goliath prototypes, which have been undergoing evaluation by automotive manufacturers and suppliers, were found to meet targets on energy capacity, charge rate and durability. Importantly, results were consistent across the batch, despite the cells being built on pre-pilot equipment. In a note, Cavendish said the successful results pave the way for the next-generation P1.5 prototypes due later this year, which could show potential licensees that Ilika's technology is both competitive and ready for industrial scale-up. The broker said formal commercial partnerships could follow — a move it described as 'a major catalyst for the stock'.
Associated Press
17-03-2025
- Business
- Associated Press
Pantheon Resources PLC Announces Quarterly Repayment of Unsecured Convertible Bonds
LONDON, GB / ACCESS Newswire / March 17, 2025 / Pantheon Resources plc ('Pantheon' or the 'Company'), the AIM-quoted oil and gas company with 100% working interests in certain projects located adjacent to transportation and pipeline infrastructure on the Alaska North Slope, announces that it has elected to pay (i) the quarterly principal repayment of US$2.45 million and (ii) the quarterly interest payment of US$0.147 million (collectively, the 'Quarterly Repayment') in respect of its senior unsecured convertible bonds issued in December 2021 to a fund advised by Heights Capital Ireland LLC, and due June 2026 (the 'Convertible Bonds'), through the issuance of new shares. Pursuant to the terms of the Convertible Bond agreement a total of 3,629,122new ordinary shares (the 'New Ordinary Shares') will be issued in full settlement of this Quarterly Repayment. Application is being made to AIM for the admission to trading of the 3,629,122New Ordinary Shares which are expected to admit on or around 20th March 2025 ('Admission'). After settlement of the Quarterly Repayment, the principal remaining under the Convertible Bond will be reduced by US$2.45 million to US$12.25 million. Total Voting Rights Immediately following Admission, the Company's enlarged issued share capital admitted to trading on AIM will consist of 1,142,998,513 ordinary shares, with each share carrying the right to one vote. The Company does not hold any Ordinary Shares in treasury. The total voting rights figure of 1,142,998,513 may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure Guidance and Transparency Rules. -ENDS- Further information: UK Corporate and Investor Relations Contact Pantheon Resources plc Justin Hondris [email protected] Nominated Adviser and Broker Canaccord Genuity Limited Henry Fitzgerald-O'Connor, James Asensio, Charlie Hammond +44 20 7523 8000 Public Relations Contact BlytheRay Tim Blythe, Megan Ray, Matthew Bowld +44 20 7138 3204 USA Investor Relations Contact MZ Group Lucas Zimmerman, Ian Scargill +1 949 259 4987 [email protected] IMPORTANT INFORMATION This Announcement is released by Pantheon Resources plc and contains inside information for the purposes of Article 7 of UK MAR. It is disclosed in accordance with the Group's obligations under Article 17 of UK MAR. Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this Announcement. [email protected] or visit
Yahoo
14-03-2025
- Business
- Yahoo
CORRECTION FROM SOURCE: Empire Metals Limited Announces Admission to Trading on OTCQB
The following amendment has been made to the 'Admission to Trading on OTCQB in the United States' announcement released on 14 March 2025 at 07:00. The incorrect OTCQB ticker symbol was listed and should be EPMLF. All other details remain unchanged. The full amended text is shown below. LONDON, UK / / March 14, 2025 / Empire Metals Limited / LON: EEE / Sector: Natural Resources 14 March 2025 Empire Metals Limited("Empire" or "the Company") Admission to Trading on OTCQB in the United States Empire Metals Limited (LON:EEE), the AIM-quoted resource exploration and development company,is pleased to announce that its Ordinary Shares have been approved to trade on the OTCQB Market ("OTCQB") in the United States of America (the "US") and will commence trading at the market open today under the ticker symbol "EPMLF". The cross-trading of Empire Metals' ordinary shares on the OTCQB will provide significant benefits to investors, including enhanced access to trading for US-based investors and greater liquidity from a broader pool of potential investors globally. By trading on the OTCQB, Empire Metals will engage directly with US investors, providing them with the same level of information and disclosure available to shareholders in the United Kingdom, but through US-facing platforms and portals. Additionally, the OTCQB cross-trading facility will enable US investors to access Empire Metals' ordinary shares in US dollars, during US market hours. Shaun Bunn, Managing Director, said: "Trading on OTCQB opens Empire Metals to a new and diverse pool of potential investors in the US, who are keen for exposure to strategic metals. Titanium is on the critical minerals list in many countries, including the United States. The growing global demand for titanium, particularly in industries like defence and aerospace, underpins our objective to accelerate development at our Pitfield Project, the world's largest known titanium discovery, towards commercialisation. Empire Metals is working to become an industry disruptor by producing high-value titanium pigments and/or titanium metal from a Tier 1 mining jurisdiction in Australia, which we believe will drive strategic interest internationally from investors and consumers alike. "Trading on the OTCQB is an important component of this vision as we take Pitfield to the international stage, offering investors a significant and responsibly sourced pathway to gain exposure to this high-growth and strategically important commodity. The Company will be presenting to investors in the US next week, as well as presenting at the Critical Minerals North America conference on 20 March, and we are delighted to provide US investors with the opportunity to invest in Empire Metals." About OTCQB The ability to trade Empire Metals' existing ordinary shares on AIM will remain unaffected by the OTCQB listing, and no new shares will be issued. Empire Metals will continue to make announcements and disclosures to the London Stock Exchange via the Regulatory News Service and will not be subject to Sarbanes-Oxley or US Securities and Exchange Commission ("SEC") reporting requirements. The OTCQB is recognised as an Established Public Market by the SEC. To be eligible for the OTCQB, companies must be current in their financial reporting, meet a minimum bid price test, and undergo annual company verification and management certification. As a verified market with efficient access to US investors, OTCQB supports companies as they seek to build shareholder value, enhance liquidity, and achieve fair valuation. US investors can access real-time quotes, market information, and updates on Empire Metals via Empire Metals has not yet made, and does not expect to make, a determination as to whether it, or any of its subsidiaries, are Passive Foreign Investment Companies ("PFIC") for U.S. tax purposes for any taxable year. **ENDS** For further information please visit or contact: Empire Metals Ltd Shaun Bunn / Greg Kuenzel / Arabella Burwell Tel: 020 4583 1440 S. P. Angel Corporate Finance LLP (Nomad & Broker) Ewan Leggat / Adam Cowl Tel: 020 3470 0470 Shard Capital Partners LLP (Joint Broker) Damon Heath Tel: 020 7186 9950 St Brides Partners Ltd (Financial PR) Susie Geliher / Charlotte Page Tel: 020 7236 1177 About Empire Metals Limited Empire Metals is an AIM-listed exploration and resource development company (LON: EEE) with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia. The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep. Drill results have indicated excellent continuity in grades and consistency of the mineralised beds and confirm that the sandstone beds hold the higher-grade titanium dioxide (TiO₂) values within the interbedded succession of sandstones, siltstones and conglomerates. The Company is focused on two key prospects (Cosgrove and Thomas), which have been identified as having thick, high-grade, near-surface, bedded TiO₂ mineralisation, each being over 7km in strike length. A JORC Exploration Target* for Pitfield was declared in 2024, covering the Thomas and Cosgrove mineral prospects, and was estimated to contain between 26.4 to 32.2 billion tonnes with a grade range of 4.5 to 5.5% TiO2. Included within the total Exploration Target* is a subset that covers the weathered sandstone zone, which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO2. The Exploration Target* covers an area less than 20% of the overall mineral system at Pitfield which demonstrates the potential for significant further upside. Empire is now accelerating the economic development of Pitfield, with a vision to produce a high-value titanium metal or pigment quality product at Pitfield, to realise the full value potential of this exceptional deposit. The Company also has two further exploration projects in Australia; the Eclipse Project and the Walton Project in Western Australia, in addition to three precious metals projects located in a historically high-grade gold producing region of Austria. *The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@ or visit SOURCE: Empire Metals Limited View the original press release on ACCESS Newswire
Associated Press
14-03-2025
- Business
- Associated Press
CORRECTION FROM SOURCE: Empire Metals Limited Announces Admission to Trading on OTCQB
The following amendment has been made to the 'Admission to Trading on OTCQB in the United States' announcement released on 14 March 2025 at 07:00. The incorrect OTCQB ticker symbol was listed and should be EPMLF. All other details remain unchanged. The full amended text is shown below. LONDON, UK / ACCESS Newswire / March 14, 2025 / Empire Metals Limited / LON: EEE / Sector: Natural Resources 14 March 2025 Empire Metals Limited ('Empire' or 'the Company') Admission to Trading on OTCQB in the United States Empire Metals Limited (LON:EEE), the AIM-quoted resource exploration and development company,is pleased to announce that its Ordinary Shares have been approved to trade on the OTCQB Market ('OTCQB') in the United States of America (the 'US') and will commence trading at the market open today under the ticker symbol 'EPMLF'. The cross-trading of Empire Metals' ordinary shares on the OTCQB will provide significant benefits to investors, including enhanced access to trading for US-based investors and greater liquidity from a broader pool of potential investors globally. By trading on the OTCQB, Empire Metals will engage directly with US investors, providing them with the same level of information and disclosure available to shareholders in the United Kingdom, but through US-facing platforms and portals. Additionally, the OTCQB cross-trading facility will enable US investors to access Empire Metals' ordinary shares in US dollars, during US market hours. Shaun Bunn, Managing Director, said: 'Trading on OTCQB opens Empire Metals to a new and diverse pool of potential investors in the US, who are keen for exposure to strategic metals. Titanium is on the critical minerals list in many countries, including the United States. The growing global demand for titanium, particularly in industries like defence and aerospace, underpins our objective to accelerate development at our Pitfield Project, the world's largest known titanium discovery, towards commercialisation. Empire Metals is working to become an industry disruptor by producing high-value titanium pigments and/or titanium metal from a Tier 1 mining jurisdiction in Australia, which we believe will drive strategic interest internationally from investors and consumers alike. 'Trading on the OTCQB is an important component of this vision as we take Pitfield to the international stage, offering investors a significant and responsibly sourced pathway to gain exposure to this high-growth and strategically important commodity. The Company will be presenting to investors in the US next week, as well as presenting at the Critical Minerals North America conference on 20 March, and we are delighted to provide US investors with the opportunity to invest in Empire Metals.' About OTCQB The ability to trade Empire Metals' existing ordinary shares on AIM will remain unaffected by the OTCQB listing, and no new shares will be issued. Empire Metals will continue to make announcements and disclosures to the London Stock Exchange via the Regulatory News Service and will not be subject to Sarbanes-Oxley or US Securities and Exchange Commission ('SEC') reporting requirements. The OTCQB is recognised as an Established Public Market by the SEC. To be eligible for the OTCQB, companies must be current in their financial reporting, meet a minimum bid price test, and undergo annual company verification and management certification. As a verified market with efficient access to US investors, OTCQB supports companies as they seek to build shareholder value, enhance liquidity, and achieve fair valuation. US investors can access real-time quotes, market information, and updates on Empire Metals via Empire Metals has not yet made, and does not expect to make, a determination as to whether it, or any of its subsidiaries, are Passive Foreign Investment Companies ('PFIC') for U.S. tax purposes for any taxable year. **ENDS** For further information please visit or contact: About Empire Metals Limited Empire Metals is an AIM-listed exploration and resource development company (LON: EEE) with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia. The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep. Drill results have indicated excellent continuity in grades and consistency of the mineralised beds and confirm that the sandstone beds hold the higher-grade titanium dioxide (TiO₂) values within the interbedded succession of sandstones, siltstones and conglomerates. The Company is focused on two key prospects (Cosgrove and Thomas), which have been identified as having thick, high-grade, near-surface, bedded TiO₂ mineralisation, each being over 7km in strike length. A JORC Exploration Target* for Pitfield was declared in 2024, covering the Thomas and Cosgrove mineral prospects, and was estimated to contain between 26.4 to 32.2 billion tonnes with a grade range of 4.5 to 5.5% TiO2. Included within the total Exploration Target* is a subset that covers the weathered sandstone zone, which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO2. The Exploration Target* covers an area less than 20% of the overall mineral system at Pitfield which demonstrates the potential for significant further upside. Empire is now accelerating the economic development of Pitfield, with a vision to produce a high-value titanium metal or pigment quality product at Pitfield, to realise the full value potential of this exceptional deposit. The Company also has two further exploration projects in Australia; the Eclipse Project and the Walton Project in Western Australia, in addition to three precious metals projects located in a historically high-grade gold producing region of Austria. *The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
Associated Press
14-03-2025
- Business
- Associated Press
Empire Metals Limited Announces Admission to Trading on OTCQB in the United States
LONDON, UNITED KINGDOM / ACCESS Newswire / March 14, 2025 / Empire Metals Limited (LON:EEE), the AIM-quoted resource exploration and development company, is pleased to announce that its Ordinary Shares have been approved to trade on the OTCQB Market ('OTCQB') in the United States of America (the 'US') and will commence trading at the market open today under the ticker symbol 'EMPLF'. The cross-trading of Empire Metals' ordinary shares on the OTCQB will provide significant benefits to investors, including enhanced access to trading for US-based investors and greater liquidity from a broader pool of potential investors globally. By trading on the OTCQB, Empire Metals will engage directly with US investors, providing them with the same level of information and disclosure available to shareholders in the United Kingdom, but through US-facing platforms and portals. Additionally, the OTCQB cross-trading facility will enable US investors to access Empire Metals' ordinary shares in US dollars, during US market hours. Shaun Bunn, Managing Director, said: 'Trading on OTCQB opens Empire Metals to a new and diverse pool of potential investors in the US, who are keen for exposure to strategic metals. Titanium is on the critical minerals list in many countries, including the United States. The growing global demand for titanium, particularly in industries like defence and aerospace, underpins our objective to accelerate development at our Pitfield Project, the world's largest known titanium discovery, towards commercialisation. Empire Metals is working to become an industry disruptor by producing high-value titanium pigments and/or titanium metal from a Tier 1 mining jurisdiction in Australia, which we believe will drive strategic interest internationally from investors and consumers alike. 'Trading on the OTCQB is an important component of this vision as we take Pitfield to the international stage, offering investors a significant and responsibly sourced pathway to gain exposure to this high-growth and strategically important commodity. The Company will be presenting to investors in the US next week, as well as presenting at the Critical Minerals North America conference on 20 March, and we are delighted to provide US investors with the opportunity to invest in Empire Metals.' About OTCQB The ability to trade Empire Metals' existing ordinary shares on AIM will remain unaffected by the OTCQB listing, and no new shares will be issued. Empire Metals will continue to make announcements and disclosures to the London Stock Exchange via the Regulatory News Service and will not be subject to Sarbanes-Oxley or US Securities and Exchange Commission ('SEC') reporting requirements. The OTCQB is recognised as an Established Public Market by the SEC. To be eligible for the OTCQB, companies must be current in their financial reporting, meet a minimum bid price test, and undergo annual company verification and management certification. As a verified market with efficient access to US investors, OTCQB supports companies as they seek to build shareholder value, enhance liquidity, and achieve fair valuation. US investors can access real-time quotes, market information, and updates on Empire Metals via Empire Metals has not yet made, and does not expect to make, a determination as to whether it, or any of its subsidiaries, are Passive Foreign Investment Companies ('PFIC') for U.S. tax purposes for any taxable year. **ENDS** For further information please visit or contact: About Empire Metals Limited Empire Metals is an AIM-listed exploration and resource development company (LON: EEE) with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia. The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep. Drill results have indicated excellent continuity in grades and consistency of the mineralised beds and confirm that the sandstone beds hold the higher-grade titanium dioxide (TiO₂) values within the interbedded succession of sandstones, siltstones and conglomerates. The Company is focused on two key prospects (Cosgrove and Thomas), which have been identified as having thick, high-grade, near-surface, bedded TiO₂ mineralisation, each being over 7km in strike length. A JORC Exploration Target* for Pitfield was declared in 2024, covering the Thomas and Cosgrove mineral prospects, and was estimated to contain between 26.4 to 32.2 billion tonnes with a grade range of 4.5 to 5.5% TiO2. Included within the total Exploration Target* is a subset that covers the weathered sandstone zone, which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO2. The Exploration Target* covers an area less than 20% of the overall mineral system at Pitfield which demonstrates the potential for significant further upside. Empire is now accelerating the economic development of Pitfield, with a vision to produce a high-value titanium metal or pigment quality product at Pitfield, to realise the full value potential of this exceptional deposit. The Company also has two further exploration projects in Australia; the Eclipse Project and the Walton Project in Western Australia, in addition to three precious metals projects located in a historically high-grade gold producing region of Austria. *The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. [email protected] or visit
