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The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday. ---------- SMALL-CAP - WINNERS ---------- Capital Ltd, up 14% at 85.8 pence, 12-month range 59p-102p. The mining services company has won a three-year contract, with a one-year extension option, to support the development of Barrick Mining Corp’s 50%-owned Reko Diq copper-gold project in Pakistan through the drilling, casing and development of ‘essential’ production water holes. Capital previously commenced a mining contract at Reko Diq in April. Says it has bought a specialised drilling rig to fulfil the contract, which is now on-site and undergoing commissioning. Capital also announces the award of three new exploration contracts to be fulfilled over the next six months, driven by increased demand for exploration drilling. ---------- Schroders Capital Global Innovation Trust PLC, up 9.4% at 14.8p, 12-month range 8.54p-15.99p. Proposes a £37 million tender offer, as part of its wind-down process. Estimates the offer price will be 21.36p per share, equal to its net asset value as of May 31. This will be finalised by July 18. ---------- SMALL-CAP - LOSERS ---------- Kenmare Resources PLC, down 16% at 332.5p, 12-month range 275p-436p. Oryx Global Partners and Michael Carvill have confirmed they have no intention to make a firm offer for the Mozambique-focused titanium minerals and zircon producer. Kenmare earlier on Thursday said it had terminated talks with the consortium, saying: ‘During Kenmare’s most recent engagement with the consortium, it was made clear by the consortium that it would only be willing to proceed with an offer at pricing substantially below the initial proposal.’ Kenmare’s potential takeover offer from the consortium valued it at 530p per share. ‘We are highly confident in Kenmare’s prospects as an independent company and its ability to deliver on its strategic and operational objectives,’ says Chair Andrew Webb. ‘Moma is one of the world’s largest titanium minerals deposits, with a multi-decade mine life, a consistent low-cost profile, and substantial inherent value. Kenmare remains on track to achieve its 2025 production guidance and has a strong order book for H2 2025. The wet concentrator plant A upgrade project continues to progress to plan, with commissioning on track to begin in Q3 2025, ahead of the plant’s transition to the large Nataka ore zone. Mining in Nataka will secure long-term production from Moma and will support the company’s ability to generate strong cash flow throughout the commodity price cycle.’ ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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