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The following stocks are the leading risers and fallers on AIM on Thursday. ---------- AIM - WINNERS ---------- Asiamet Resources Ltd, up 50% at 1.80 pence, 12-month range 2.24p-0.50p. The Indonesia-based copper producer agrees to sell its interest in the KSK project to Norin Mining (Hong Kong) Ltd for $105 million. ‘The sale introduces a well-funded copper producer with specialist skills in copper mine development and processing coupled with high-ESG standards, to advance the project into mining operations for the benefit of all stakeholders,’ Asiamet says. It notes that shareholders representing 53% of its share capital have already undertaken to vote in favour of the disposal. Asiamet says it expects that the net proceeds received from the sale will be ‘substantially utilised’ to make a cash distribution to shareholders. The transaction is conditional on the approval of shareholders, which will be sought at a general meeting on January 29. ‘This is a landmark transaction for Asiamet and its shareholders. The sale of our interest in the KSK project to Norin Mining represents the culmination of many years of work to advance this asset to a stage where it is ready to be developed into an operating mine by a well-capitalised and technically capable copper producer,’ says Chair Tony Manini. ---------- Verici Dx PLC, up 16% at 0.73p, 12-month range 6.50p-0.48p. The Cardiff, Wales-based developer of advanced clinical diagnostics for organ transplants signs a provider participation agreement with Prime Health Services. Prime Health is a US-based company focused on delivering data-driven solutions through its preferred provider organisation network. PPO networks negotiate on behalf of insurance companies to gain discounted pricing. Prime Health is one of the fastest-growing preferred provider networks in the US and has more than 850,000 providers, Verici says. The deal provides Verici with the opportunity to expand its patient scope, the firm adds. ‘This agreement with Prime Health is an important milestone for Verici Dx, as we accelerate our commercial reach, expanding our patient network and supporting our approach to increased coverage from private payors,’ says Verici Dx Chief Operating Officer Patti Connolly. ---------- AIM - LOSERS ---------- Ethernity Networks Ltd, down 28% at 0.01p, 12-month range 0.19p-0.01p. The supplier of data processing semiconductor technology for networking appliances announces a proposed fundraising of £342,500 before expenses. The company intends to place 711.4 million new shares at an issue price of 0.02249p each to raise a total of £160,000. It will also issue a convertible loan note to raise a further £182,500. Ethernity proposes reclassifying its share capital to a no par value structure, to ‘provide greater flexibility for future equity issuances’. This requires approval at a general meeting to be held on December 2. ‘The net proceeds of the fundraising will be used to support the company’s general working capital requirements and repay short-term debt and creditor obligations, which amount to several tens of thousands of US dollars per month. It is anticipated that the company will be required to raise additional funds within the next 12 months,’ Ethernity says. ---------- Block Energy PLC, down 13% at 0.74p, 12-month range 1.25p-0.60p. The Georgia-focused oil and gas company completes £1.5 million equity fundraising with placing of 214.3 million new shares at 0.7p each. The firm says the fundraising shows strong demand from new and existing investors. ‘This fundraising represents the company’s first equity raise since 2020 and was completed with strong institutional support. The proceeds provide additional flexibility as we progress multiple commercial workstreams, including the farm-outs of Projects III and IV, advancement of our CCS pilot, and the build-out of a new ventures portfolio designed to deliver material growth opportunities,’ says Chief Executive Officer Paul Haywood. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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