21st Aug 2025 10:23
(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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Versarien PLC, up 30% at 0.013 pence, 12-month range 0.01p-0.082p. The advanced engineering materials group says the UK government has blocked the sale of some assets to its prospective joint venture with China's Anhui Boundary Innovative Materials Technology, BIMT, to maintain "the security of know-how and intellectual property relating to the production and use of graphene with dual-use applications". Says the purpose of any joint venture with BIMT will involve importing the latter's graphene, carbon nanotubes and silicon-carbon anode materials to the UK for sale. Focus would be on electric vehicle and other battery technologies, and nanomaterial-enhanced automotive products. Notes that there is no certainty that a JV agreement will be concluded, and the company's proposed strategic investment remains subject to clearance under Chinese Outbound Direct Investment regulations.
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Wishbone Gold PLC, up 13% at 1.06p, 12-month range 0.1p-1.045p. The Western Australia-focused miner says drilling at its Red Setter project has reached a depth of 777 metres, an interval of 152 metres, in the breccia identified in hole 25RSDD001 as previously announced on Monday. Drill core is currently being transported to Perth for cutting and assaying. "We decided to call it a day for now at 777m depth in this first hole at Red Setter as we await the delivery of more drill rods to site to drill deeper safely," says Western Australia Director Ed Mead. "Depending on what we see in the second hole, we will be in a position to extend the depth of this first hole later on in the program...The plan is to drill the top of the second hole with a rotary mud bit to a depth of approximately 150m before setting casing and drilling on with PQ diamond core followed by narrower NQ core to final depth. The drilling contractor has been asked to mobilise enough drill rods to reach depths of over 1,000m for this programme and the company is investigating the possibility of running the drill program on a double shift basis."
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AIM - LOSERS
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Pulsar Helium Inc, down 21% at 23.01p, 12-month range 23p-33p. The helium project developer says it has raised gross proceeds of GBP3.4 million, around CAD6.4 million, through issuing 15.0 million shares at 23 pence. Company has also received subscriptions in Canada for an additional 1.2 million new shares at the issue price, for additional gross proceeds of CAD516,000. Its principal lender University Bancorp Inc participated in the offering and has increased its shareholding to 4.99%. Proceeds from the offering and subscription total GBP3.7 million. Pulsar says it will no longer be accepting subscriptions. Also, it says it will use the offering proceeds to advance its flagship Topaz helium project in Minnesota, and for general working capital. "Specifically, the company intends to sign a new contract for drilling of up to 10 new appraisal wells, to further define the size and shape of the helium-bearing reservoir," Pulsar says.
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By Emma Curzon, Alliance News reporter
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VersarienWishbonePulsar Helium