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AIM WINNERS & LOSERS: Eco Buildings wins ‘landmark’ contract in Chile

ALN

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

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AIM - WINNERS

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Eco Buildings Group PLC, up 69% at 21.5p pence, 12-month range 2.75p-21.5p. The modular housing company secures a ‘landmark’ €420 million contract with the Chilean government to supply 20,000 homes over seven years under the country’s social housing programme. The first tranche of 607 homes is funded with a 50% deposit of €12.8 million, with deliveries expected in 2026. Eco Buildings says the deal marks its transition from certification to full-scale commercial rollout in Latin America, positioning the firm as a key provider in Chile’s housing initiative.

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Oriole Resources PLC, up 14% at 0.36p, 12-month range 0.15p-0.47p. The West and Central Africa-focused gold exploration company reports a maiden JORC mineral resource estimate for the MB01-S zone at its 90%-owned Mbe project in Cameroon of 24.8 million tonnes at 1.09 grams per tonne, containing 870,000 ounces of gold. The resource exceeds the upper range of its previous exploration target and remains open in all directions. Oriole says the Mbe discovery demonstrates Cameroon’s potential to host large gold deposits and could form the basis for a low-strip open-pit mine, with further drilling planned alongside partner BCM International.

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AIM - LOSERS

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Trellus Health PLC, down 13% at 0.65p, 12-month range 0.5p-4.95p. Says its cash runway now extends to early December, after cost-saving measures cut monthly cash burn to around $395,000 from $440,000. The healthcare company remains in late-stage contract talks with a leading global contract research organisation for a mid-stage clinical trial and has secured preferred vendor status with another. It expects to announce at least one new collaboration by the end of November and continues discussions with potential investors over a possible equity fundraising to support its next growth phase.

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Wellnex Life Ltd, down 3.9% at 12.5p, 12-month range 12.5p-31p. The Melbourne-based consumer healthcare company says Chief Executive Officer Zack Bozinovski has resigned but will remain with the firm until April 2026 to assist with the transition. Executive Chair Ash Vesali will oversee operations while a search for a new CEO is underway. Wellnex adds that it has agreed to work in good faith with Bozinovski and his wife to set a repayment schedule for a A$2.3 million, around $1.5 million, loan provided to the company, with full repayment expected by April 2026.

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