3rd Jul 2025 11:06
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday.
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AIM - WINNERS
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Mkango Resources, up 40% at 24.45 pence, 12-month range 4.11p-34.00p. The producer of recycled rare earth magnets, alloys, and oxides announces that its subsidiary, Lancaster Exploration, will merge with other wholly-owned Mkango subsidiaries in a business combination deal with Crown PropTech Acquisitions, to become a publicly-traded company under the name Mkango Rare Earths. Lancaster owns Mkango's Songwe Hill rare earths project in Malawi and the Pulawy rare earth separation project in Poland, both of which are designated as strategic projects under the EU Critical Raw Materials Act. The new entity's shares are expected to trade on Nasdaq, and the pro forma value of Mkango's stake in the combined MKAR Group is USD400 million, prior to transaction expenses. "This transaction is expected to significantly accelerate the growth trajectory of the Mkango group and position us as a key player in the global rare earth supply chain, with a strong emphasis on sustainability and critical industry demand," says Mkango President Alexander Lemon. "Partnering with CPTK, an organisation that shares our strategic vision and values, enhances our platform for scalable growth and innovation. As we move towards a Nasdaq listing, we believe this combination will catalyse new opportunities, broaden our investor base, and drive long-term value creation."
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Rockfire Resources PLC, up 17% at 0.096p, 12-month range 0.075p-0.29p. The Greece and Australia-focused gold, base metal and critical mineral exploration company raises GBP2 million before expenses through a placing of 2 billion shares at 0.1 pence each. The fundraise was led by ACAM LP, which subscribed for 1 billion new shares, totalling GBP1 million, and will now hold 16.31% of the total voting rights at Rockfire. Participants will receive one warrant for every two new placing shares, which will be exercisable at the issue price for a period of two years. Proceeds from the fundraise will be used to continue the development of Rockfire's Molaoi zinc, silver and lead project in Greece and to fund ongoing working capital requirements. The company anticipates an upgrade of the zinc resource at Molaoi following additional drilling, which will result in a maiden JORC resource for germanium. This will be the only known germanium resource in Europe, Rockfire notes.
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AIM - LOSERS
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Blackbird PLC, down 26% at 3.13p, 12-month range 3.00p-8.88p. The London-based technology licensor, developer and seller of cloud video editing platform Blackbird intends to raise around GBP1.9 million before expenses by way of a placing of 62.2 million shares at 3.0 pence each. In addition, senior management and new investors subscribe for 4.5 million new shares at the same price as the institutional placing to raise around GBP135,000 before expenses. Separately, Blackbird launches a retail offer also at 3.0p per share to raise up to GBP200,000. All three fundraisers will raise up to a total of GBP2.2 million. "I am pleased to announce that elevate.io has shown strong early growth metrics since the launch of the 'Creator Plan' in February 2025," says Blackbird Chair Ian McDonough. "The fundraise announced today will support elevate.io through its Product Market Fit phase, ahead of scaling up. Our vision for elevate.io is ambitious, transformative and on track. We have the right technology and the right team in place to succeed."
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By Emily Parsons, Alliance News reporter
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Related Shares:
Mkango ResourcesRockfire ResourcesBlackbird PLC