10th Nov 2025 10:33
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.
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SMALL-CAP - WINNERS
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SolGold PLC, up 7.3% at 19.55 pence, 12-month range 5.62p-19.55p. Reports "strong", near-surface drilling results from the Tandayama-America deposit at its Cascabel copper-gold project in northern Ecuador, including 160.5 metres at 0.77% copper equivalent from 11.5 metres depth. The company says the results confirm open-pit potential and strengthen early-mining development and financing options within the Cascabel project area. CEO Dan Vujcic says the findings enhance confidence that Tandayama " will soon be validated to have sufficient mineral resources to support open pit mine development, enabling production within two to three years of receiving approvals."
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Rainbow Rare Earths Ltd, up 4.5% at 18.5p, 12-month range 9.1p-24.5p. Updates the mineral resource estimate for its Phalaborwa project in South Africa to include yttrium, one of the heavy rare earth elements recently subject to Chinese export controls. The company says the project is now confirmed as a strategic source of all key medium and heavy rare earths, as well as neodymium and praseodymium. CEO George Bennett says Rainbow will incorporate the full value of these elements into its definitive feasibility study to reflect growing market demand. "Phalaborwa is a unique project in that it hosts commercial quantities of the full gamut of economically important rare earths, including the medium and heavy REE," he says. Adds that yttrium is "increasingly recognised" as a "key" REE required by the US and other aligned nations for important strategic uses.
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SMALL-CAP - LOSERS
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Ferrexpo PLC, down 3.0% at 51.05p, 12-month range 44.25p-124.00p. Suspends operations at two Ukrainian subsidiaries after missile strikes hit power transmission infrastructure in Horishni Plavni, where its mines are based. The Baar, Switzerland-based iron ore producer in Ukraine says electricity supply was cut over the weekend, forcing a halt at Ferrexpo Poltava Mining and Ferrexpo Yeristovo Mining. Limited power has since been restored, allowing parts of the processing plant to resume. Ferrexpo says it built up product stocks to minimise disruption while efforts to restore full power continue.
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By Eva Castanedo, Alliance News reporter
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Related Shares:
SolGoldRainbow Rare EarthsFerrexpo