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The following stocks are the leading risers and fallers among London Main Market small-caps on Friday. ---------- SMALL-CAP - WINNERS ---------- Wildcat Petroleum PLC, more than doubled to 0.14 pence, 12-month range 0.21p-0.05p. The investor in the petroleum industry’s upstream sector rises after its listing on the Main Market of the London Stock Exchange was restored on Thursday. ---------- First Class Metals PLC, up 13% at 2.60p, 12-month range 3.60p-0.62p. The gold and critical metals explorer rises as the gold price climbs, after reporting its results on Tuesday. Its pretax loss widens to £931,314 in the six months that ended June 30 from £556,685 a year earlier. The firm continues to report no revenue, while administrative expenses increase 64% to £939,700 from £573,159. The company says: ‘The current strength in the gold price, underpinned by persistent macroeconomic uncertainty, strong central bank buying, and a tightening supply-demand balance, is creating a supportive environment for junior explorers. Historically, such conditions have driven renewed investor interest in early-stage companies with quality projects and credible exploration strategies - a dynamic that First Class Metals is well positioned to benefit from.’ ---------- SMALL-CAP - LOSERS ---------- Tharisa PLC, down 5.8% at 99.90p, 12-month range 108.00p-48.68p. The platinum miner estimates the ‘transitional capital’ of its planned phased transition to underground mining at Tharisa mine at $547 million. Tharisa currently operates a large-scale open pit mine. It says the underground expansion offers a ‘high confidence, low geological risk opportunity to sustain the Tharisa Mine for in excess of 50 years’. The company says the addition of underground mined ore from West Mine or Apollo complex, and East Mine or Orion complex from 2031 will ensure that the nameplate processing capacity of 5.6 million tonnes per year is achieved and exceeded. It notes that transitional capital for the dual project development over ten years is $547 million, with peak funding of $173 million, to be financed by internal cash and external funding. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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