7th Apr 2025 10:18
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday.
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AIM - WINNERS
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Catenai PLC, up 59% at 0.27 pence, 12-month range 0.14p-0.31p. The London-based digital media and technology company updates on Klarian Ltd, having provided the Exeter, England-based data analytics company with a GBP450,000 unsecured convertible loan note facility as announced in late April last year. Klarian, which is oil and gas sector-focused, has told Catenai it intends to repay the CLN and relevant fees by the end of June, totalling GBP567,500. "The company will explore the possibility of deploying these funds into new and exciting AI opportunities," Catenai says.
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Atome PLC, up 14% at 32 pence, 12-month range 28p-86p. The Leeds, England-based developer of international green fertiliser projects has signs a USD465 million definitive engineering, procurement and construction deal with Casale SA, for Atome's flagship Villeta green fertiliser plant in Paraguay. This follows Casale's appointment as an EPC contractor in November. Atome says the contract has a time to start of production of 38 months from the final investment decision, and detailed engineering has already started with teams mobilised in the lead-up to the FID. "Atome is delighted to announce the signing of our EPC contract with Casale, on time and on track to our project schedule," Chief Executive Officer Olivier Mussat comments. "This underscores our ability to deliver final agreements and marks another milestone achieved as we advance to reach FID for the Villeta project towards the end of H1 2025."
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AIM - LOSERS
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Nativo Resources PLC, down 27% at 0.8995p, 12-month range 0.8995p-7.05p. The Latin America-focused exploration company, with interests in precious metals mining and production in Peru, announces that it has entered a subscription agreement with its joint broker Peterhouse Capital Ltd. Peterhouse will subscribe for 12.0 million shares, representing 19% of Nativo's enlarged share capital. The shares will be issued to Peterhouse to offset fees owed to it by Nativo. Peterhouse will endeavour to place the subscription shares and will pay Nativo 95% of the gross proceeds of any such sales. "Such proceeds are then to be applied to working capital and the implementation of the company's business strategy, as part of its initial financing strategy," Nativo says. Company also says it is in discussions with various potential finance providers, but that its "working capital position remains tight" in the meantime. "The company will need to raise further funds by early May in order to continue as a going concern," it adds. However, Nativo's board "is increasingly confident that it will shortly reach an agreement to restructure its long-term debt with the holders of its EUR10 million euro bond". Also, the company is seeking to accelerate work at the Toma La Mano tailings dump by "undertaking a feasibility study and has identified other suitable tailings dumps in northern Peru from historical or ongoing polymetallic mining which contain gold and silver".
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By Emma Curzon, Alliance News reporter
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Related Shares:
Catenai PlcAtomeNativo Resources