11th Apr 2025 10:21
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Friday.
----------
AIM - WINNERS
----------
Oracle Power PLC, up 16% at 0.025 pence, 12-month range 0.0118p-0.057p. The Australia and Pakistan-focused minerals and power projects developer announces assay results from the final four angled reverse circulation drill holes of an 11-hole programme completed at the Northern Zone intrusive-hosted gold project in Western Australia. Results further confirm high-grade gold intercepts, including 11 metres at 1.38 grams per tonne from 80 metres in drill hole NZRC015; 18 metres at 1.94 grams per tonne from 49 metres at NZRC016, including three metres at 8.20 grams per tonne from 60 metres; and 14 metres at 0.72 g/t from 41 metres, including three metres at 2.60 g/t from 52 metres. Oracle says it has submitted a further 1,303 samples from a 1,805m vertical drill programme and expects results in the coming weeks. Adds that the "dynamic Leapfrog gold model for Northern Zone will be updated with these latest results in the coming weeks, which will inform and guide future drill campaigns". Chief Executive Officer Naheed Memon says: "The results continue to complement previous drill programmes, and we continue to increase the footprint of the gold mineralisation, revealing good gold tenor within the shallower top of this considerable mineralised porphyry."
----------
Metals One PLC, up 14% at 25p, 12-month range 2.25p-25p. The UK-based company, which is advancing strategic minerals projects in Finland and Norway, announces its completion of an equity fundraise with net proceeds of GBP3.1 million. This leaves Metals One "in a strong financial position from which to advance its current copper and nickel projects and diversify its commodity base and footprint through opportunistic acquisitions that may include gold and defence minerals projects". Says it will issue investors with certificates for prepaid and cash warrants, exercisable at a fixed price of 2p each. The cash warrants, if exercised, would bring up to GBP10 million in additional gross proceeds. CEO Jonathan Owen comments: "The transaction completed today has the potential to bring in up to GBP15 million in gross proceeds to secure high-impact metals exploration opportunities, both within our existing projects and others we may look to acquire. There are a lot of high-quality projects out there which lack the resources to advance them. With the benefit of this funding, Metals One will look to capitalise on this, applying smart exploration techniques to high-impact opportunities. The first wave of these is likely to be our drilling of high-impact copper targets in Finland this year."
----------
AIM - LOSERS
----------
Niox Group PLC, down 20% at 56.3p, 12-month range 56.3p-76p. The Oxford, England-based asthma diagnosis and management device developer in late March confirmed it had received a revised 81 pence per share takeover proposal from Keensight Capital SAS, which it would have been "minded to recommend" it to shareholders if it became a firm offer. On Friday, however, Keensight announced that "in light of the current macro-economic backdrop" it does not intend to make a firm offer for Niox. Meanwhile Niox, also citing the macroeconomic climate, says it has discontinued its private sales process with immediate effect because proceeding "is unlikely to yield an optimal outcome for shareholders". On the other hand, Niox notes that the current year has started well with 18% first-quarter sales growth and GBP15.4 million in net cash as of March 31. Says it will release a further trading update at its annual general meeting on May 14.
----------
By Emma Curzon, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Oracle PowerMetals OneNiox Group