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AIM WINNERS & LOSERS: Cambridge Cognition narrows loss as orders rise

ALN

The following stocks are the leading risers and fallers on AIM on Thursday.

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AIM - WINNERS

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Tungsten West PLC, up 22% at 11.01 pence, 12-month range 2.25p-12.7p. The miner, focused on restarting production at the Hemerdon tungsten and tin mine in Devon, England, has received a non-binding letter of interest from the Export-Import Bank of the US, that country’s official export credit agency. Says that EXIM, under its new Supply Chain Resilience Initiative, can consider providing up to $95 million in financing for a maximum repayment term of 15 years. This ‘would not be tied to specific equipment purchases, and is predicated upon [Hemerdon’s] offtake agreement with US buyers’. Says the potential funding package ‘would form a significant part of the debt financing required to bring Hemerdon back into production’. Adds that according to the LOI, the SCRI aims to help secure critical mineral supply chains for US businesses, and EXIM has identified Hemerdon’s potential tie-in with its China & Transformational Exports Program which aims to mitigate the impact of export support provided by ‘China and other covered countries’.

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Cambridge Cognition Holdings PLC, up 27% at 33p, 12-month range 25p-46.5p. The Cambridge, England-based brain health software company reports revenue of £4.3 million for the first half of 2025, down from £5.6 million the year before. New sales orders increase to £6.9 million from £3.3 million. Order book is £16.4 million as of June 30, up from £14.6 million one year prior. Pretax loss narrows to £1.0 million from £1.1 million. Company also says it notes interest from investors to subscribe for 4.1 million new shares at 27.25p, which would raise £1.1 million. Looking ahead, it expects total revenue between £9.5 million and £10.0 million for 2025, and says it is confident that revenue underpinned at the start of 2026 will be higher on-year. Furthermore, Cambridge Cognition names Chief Operating Officer Rob Baker as its senior executive director alongside his COO role, effective immediately. Also proposes that Chief Commercial Officer Alex Livingstone-Learmonth will join the board, along with Ronald Openshaw who is also appointed chief financial officer & head of corporate development, effective immediately.

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AIM - LOSERS

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Arrow Exploration Corp, down 13% at 12.68p, 12-month range 12.5p-31.25p. The Calgary, Canada-based miner with Colombian oil assets reports a net loss of USD$934,735 for the second quarter of 2025, against net income of $1.2 million the year before. Average production however rises 48% on-year to 3,768 barrels of oil equivalent per day, from 2,546 boe/d. Total oil and gas revenue, net of royalties, rises 5% to $15.9 million from $15.1 million. Says it is currently producing approximately 4,200 boe/d, and expects to bring two more wells to production in the next fortnight. Also, says it remains engaged in discussions with authorities regarding the Tapir block extension, and ‘considers that all requirements for the extension have been met’.

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