15th Dec 2025 11:00
(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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Chariot Ltd, up 10% at 1.58 pence, 12-month range 1.26p-2.125p. Completes a "significant", non-dilutive financing and reaches financial close on two large wind generation projects in South Africa, saying this marks Chariot's entry into utility-scale wind assets and creating future generation and trading revenue streams. Chariot is an upstream oil and gas, renewable power and green hydrogen company. It holds a 24% stake in the 100 megawatt Zen and 94mw Bergriver wind farms through its newly formed subsidiary, Chariot Generation & Trading, alongside lead sponsor Acciona SA and H1 Holdings (Pty) Ltd. The projects, with a combined export capacity of 190mw, move into construction imminently and are scheduled to be commissioned in mid-2027. Chariot funds its participation entirely at subsidiary level through a multi-layered package, including USD284 million of non-recourse project finance debt from Standard Bank Group Ltd and Investec PLC and Ltd, a USD17 million strategic equity investment from Mahlako Energy Fund I, and USD9 million of mezzanine debt. Following the investment, Chariot retains a 65% stake in Chariot Generation & Trading, with Mahlako holding 35%. Once operational, the projects generate revenues from power production and from trading electricity through Etana Energy, in which Chariot holds a 34% economic interest. Etana signs a 20-year power purchase agreement covering the full output of both wind farms, which are expected to displace around 600,000 tonnes of CO2 emissions annually.
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Mkango Resources Ltd, up 8.7% at 56.5p, 12-month range 7.85p-69p. Says subsidiary HyProMag USA improves the valuation and economics of its expanded Dallas–Fort Worth rare-earth magnet recycling plant and begins a strategic review to explore a potential US listing in late 2026 or early 2027. HyProMag USA increases planned magnet production capacity at the Texas Hub to 941 tonnes per year of recycled NdFeB magnets, plus 611 tonnes of co-products, following completion of detailed engineering and a class 2 AACE capital cost estimate. The update lifts post-tax net present value to USD780 million at forecast prices, or USD409 million at current prices, with real internal rates of return of around 39% and 28% respectively. The project carries an upfront capital cost of around USD142 million, a one-year construction timeline and a payback period of between 2.2 and 3.1 years, depending on pricing assumptions. Operating costs are forecast at USD22.3 per kilogram of NdFeB product, well below current market prices.
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AIM - LOSERS
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eEnergy Group PLC, down 9.0% at 4.05p, 12-month range 3.65p-6.05p. Reports "strong demand" but timing-related "slippage" in 2025 revenue. The net zero energy services provider now expects 2026 revenue of around GBP34 million, upgraded by about 13% from GBP30 million, with adjusted Ebitda forecast at GBP4.5 million, also upgraded by 13% from GBP4.0 million. It anticipates first-half 2026 revenue of about GBP20 million, benefiting from contracts delayed from late 2025 and a record contracted order book of GBP10.5 million, up from GBP7.0 million in January 2025. For 2025, eEnergy expects revenue of GBP23 million to GBP24 million, down from GBP25.1 million in 2024, reflecting installation delays, while adjusted Ebitda is seen rising to GBP1.5 million–GBP1.9 million from GBP600,000 last year.
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By Eva Castanedo, Alliance News reporter
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