29th Sep 2025 10:54
(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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Future Metals NL, up 22% at 1.80 pence, 12-month range 1.80p-0.46p. The exploration company, focused on projects in Western Australia, hires Keith Bowes as managing director and chief executive officer. It says Bowes has over 30 years of experience in project development, metallurgy and operations across Africa, South America and Australia. He was previously managing director and technical director of Lotus Resources. "We are confident that his technical and executive expertise will be invaluable as we continue to advance our flagship Panton project and the emerging Eileen Bore project, particularly as he has a proven track record of adding significant value for shareholders in similar roles," says Non-Executive Chair Patrick Walta. On Friday, Future Metals reported a narrower annual loss as lower expenses and higher cash reserves offset a dip in income, while the company strengthened its balance sheet with new share issues. The pretax loss for the year ended June 30 narrowed to USD2.4 million from USD3.9 million the year before.
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Rockfire Resources PLC, up 5.5% at 0.22p, 12-month range 0.36p-0.08p. The base metal, critical mineral and precious metal miner strikes a new farm-in agreement at the Marengo gold project in Queensland, Australia. The purpose of the farm-in will be to advance exploration for high-grade gold, silver and copper, Rockfire says. The agreement is with Eastern Resources. Eastern will sole-fund exploration at Marengo for the next three years. Rockfire says it will focus its resources on the Molaoi zinc deposit in Greece. Rockfire has the option to retain 20% ownership of Marengo and to participate 20% expenditure in on-going exploration, or it may convert its right over a 20% share to a 1.5% net smelter royalty. "The establishment of this farm-in and eventual joint venture is a positive step for the Marengo project and for Rockfire generally. This enables our team to focus its efforts on the Molaoi project in Greece and allows for the advancement of Marengo at the same time," says CEO David Price.
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AIM - LOSERS
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Trafalgar Property Group PLC, down 40% at 0.02p, 12-month range 0.09p-0.02p. The South-East England-focused residential property developer says it will not be able to publish its accounts for the year to the end of March by Tuesday's deadline. Its shares will be suspended from trading on Wednesday morning.
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Tern PLC, down 22% at 0.49p, 12-month range 2.28p-0.45p. The internet-of-things focused investor announces an open offer to raise up to GBP642,486 before expenses through the issue of up to 128.5 million shares at 0.50p each. The issue price represents a discount of 20% to the closing market price on Monday. The offer is open for acceptance until October 14.
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By Michael Hennessey, Alliance News reporter
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Related Shares:
Future MetalsRockfire ResourcesTrafalgar PropTern