AQUIS STOCK EXCHANGE
Uranium explorer Reveille Resources (REV) has appointed former US Secretary of State Mike Pompeo as non-executive chairman subject to due diligence. He will receive seven million options exercisable at 7.25p each and they last for his full three-year term on the board. The company’s focus is the Novazza and Val Vedello uranium exploration licence applications in Lombardy. YA II PN has reduced its stake to below 3%. Ajax Resources (AJAX) has bought two million shares in Reveille Resources from Danta Devoto for £102,500. Ajax Resources has a 17.5% shareholding, valued at £1.36m.
Electrification technologies developer Equipmake (EQIP) has reached a key milestone in its Project Coeus collaboration with Perkins. The project is developing a fuel-configurable hybridised industrial open power unit for off-highway applications. The advanced, fuel-configurable hydrogen hybridised industrial open power unit developed through the project is being installed in a Terex Ecotec TDS 820 high-performance shredder for machine testing.
Connecting Excellence (XCE) has completed the acquisition of James Gray Recruitment. The business, which specialises in construction and engineering recruitment, had gross profit of £1.27m and EBITDA of £431,000 in the year to June 2026. There will be a net cash outflow of £150,000 and then further consideration will be based on EBITDA over the three years to 2029. Connecting Excellence’s 81.157 Bitcoin are valued at £5.25m.
Roundhouse AI (ETHL) has launched a retail offer of up to £150,000 at 5p/share ahead of joining AIM on 13 October. A placing has raised £1.5m.
Ormonde Mining (ORM) shares slumped 16.7% to 0.25p after announcing a capital reorganisation. Every 50 shares will be consolidated into one new share. The par value will also be reduced because the share price is below the existing par level.
Vault Ventures (VULT) engineering partner Whitespace has entered two Memoranda of Understanding with Strategic Edge Consulting and Arqit respectively. They will be co-design partners for the post-quantum cryptography-based technology platform intended for use by financial institutions and regulatory bodies.
Falconedge (EDGE) says that incremental Bitcoin growth was 0.1784 Bitcoin in September. The total holding is 21.5606 Bitcoin.
Adam Fletcher has a 3.05% stake in Coinsilium (COIN).
ProBiotix Health (PBX) has changed its auditor from Gerald Edelman to PKF Littlejohn.
Quantum technology developer Delta Gold Technologies (DGQ) reported maiden full year figures showing a loss of £1.27m, mainly due to admin expenses and R and D investment. Cash was £3.5m at the end of April 2026. This has declined to £3.15m. Director R Michael Jones bought 4,250 shares at an average share price of 124.12p.
ASSET MATCH
Marshall of Cambridge (MCH) has completed the disposal of its aerospace division. The total cash payable was £33.6m.
Broker Direct (BRKD) reduced its interim loss from £837,000 to £165,000.
VP Fintech (VPF) has launched the Valens Pay platform powered by the VP Infrastructure platform. This includes self-custody digital asset wallets.
AIM
Floorcoverings distributor Likewise (LIKE) has acquired assets from Headlam Group, which is in administration. These include the 90,000 square foot freehold Thatcham distribution centre, plus trade and assets of Crucial Trading and. Concept Flooring in West Bromwich and Stoke-on-Trent. This cost £14.9m and can be funded from the company’s cash resources. Management used to work at Headlam. Likewise will also help to sell Headlam inventory on an agency basis over a nine-month period so as not to disrupt the UK market. Fully listed Kelso (LON: KLSO) bought five million shares at an average price of 30p.
Brave Bison (BBSN) has raised its bid for Systems1 (SYS1). The offer is 180p in cash and 2.394 Brave Bison shares, plus a contingent value right that could be worth 20p for each Systems1 share. Excluding the contingent right this values Systems1 at £53.4m. The Systems1 share price is 346p. The Brave Bison share price is 78p. Excluding the contingent right this values Systems1 at £53.4m or 405p/share. However, that uses a Brave Bison share price of 94p.At the current share price it is worth 367p/share, or 381p/share with the contingent right.
Chaleit Holdings (CHA) commenced dealings this morning. The cybersecurity company raised £1.1m at 50p/share, while founder Dan Haagman raised £1m.The share price has risen to 69p.
Mining and construction equipment supplier Mincon (MCON) had a strong third quarter and nine month revenues are 28% ahead. Construction remains a strong market and market share is being gained. Two contracts in Sweden will be delivered in the next six months. Mining performance is improving. Shore has upgraded its 2026 pre-tax profit forecast from £11.2m to £14.5m.
Fletcher King (FLK) is selling a 50% stake in Fletcher King Services to its management for £550,000 with a balance payment of £100,000 relating to an insurance payment. There are put and call options on the other 50% for £650,000. Martin Samworth will become Fletcher King chairman, and the company will focus on property-related investments and acquisitions, particularly in technology. In the year to April 2026, group revenues fell from £3.84m to £3.47m, and pre-tax profit slumped from £373,000 to £22,000. There is no final dividend, but there was a 20p special dividend that has been paid.
Semiconductors designer and supplier EnSilica (ENSI) increased revenues by 53% to £27.8m and made an underlying pre-tax profit of £2.36m, having made a loss in the previous year. There was a larger than expected R&D tax credit. Supply revenues were lower than expected but design revenues offset that and they should turn into additional supply contracts in the future. Net cash was £3.1m at the end of May 2026 and there was a subsequent fundraising of £14.9m at 91p/share. An office has been opened in Milan and further investments are being made.
Production at Caledonia Mining Corporation (LSE:CMCL) was delayed because of the late delivery of air compressors and problems with commissioning of new equipment. That meant that third quarter production dipped to 17,000 ounces of gold, but it should rise to at least 19,400 ounces in the fourth quarter. Full year guidance is 69,000 – 72,5000 ounces and operating costs have been revised upwards. Full year pre-tax profit of $126m is forecast.
Sensing and motion capture software developer Oxford Metrics Group (OMG) has reduced guidance for this financial year. Vicon’s entertainment market is weak, while IVMS has been hit by delays to a contact lens inspection contract. IVMS is also selling less third party software. Cost savings are ahead of plan. Even so, a loss is expected for the 15 month period to December 2026. Oxford Metrics has bought Move AI, a motion capture technology company that fits with Vicon, for £525,000. New chief executive Stefan Lampa has started at the company.
Data analysis software provider Celebrus Technologies (CLBS) reported a disappointing performance in the first half. A loss of $1.3m on revenues of $9.2m is expected. The loss of a contract, where there were implementation problems, meant that annualised recurring revenues were slightly lower at $14.7m, but the figure should be higher at the end of March 2027. Cavendish has reduced its full year forecast revenues from $23.5m to $20m and the loss has been increased from $1.4m to $3.5m. Cash still covers most of the market capitalisation. Net cash should be $23.9m at the end of the year and then fall to $21.9m at the end of 2027-28 after another albeit smaller loss.
Executive search firm Norman Broadbent (NBB) had a record quarter in the third quarter of 2026. Net fee income was £3.5m. That has broadly made up for the relative decline in the first half and full year net fee income should exceed the 2025. A loss of £200,000 is still expected before a return to profit in 2027.
Rent guarantee services provider RentGuarantor (RGG) has entered a two-year partnership with King’s College London. This will provide students with the ability to secure a guarantor through the company. Average student rental costs are £2,000 to £2,500 each month. There are more than 20,000 overseas students that this could help.
Orcadian Energy (ORCA) has agreed to terminate the joint development agreement with a US developer of offshore data centre infrastructure. The scope and timeline for the Earlham development did not align with the potential partner’s priorities. Orcadian Energy is talking with other partners.
Shares in ATOME (ATOM) returned from suspension after the publication of the 2025 accounts and the latest interims. In the first half of 2026, the loss was $12.2m. Net cash was $4.3m at the end of June 2026. Chairman Peter Levine is providing a new facility of up to £2.5m. There is uncertainty over the Villeta that has built up over the suspension period. The company also claims that there have been false reports in local newspapers.
Litigation Capital Management (LIT) says that an insolvency claim case in Australia was unsuccessful. The case is worth A$2.9m in the balance sheet, although there is insurance to mitigate adverse costs risk. The company is assessing its next step.
MobilityOne (MBO) says Bradbury Capital has floated on Nasdaq and it will receive £6.84m within 14 days of the completion of the merger of assets with the Nasdaq company. A further £3.42m is payable within 180 days of completion.
Arkadian Strategic Metals (AKN) is asking for shareholder permission to consolidate 1,500 existing shares into one new share. This could happen on 27 October. The company has applied to be traded on the US OTCQB Venture Market. It hopes this will improve the liquidity of the shares.
Logistics Development Group (LDG) says DBAY has offered 20p/share for the shares it does not own. The independent directors believe that this is not high enough.
Lebanese restaurants operator Comptoir Group (COM) is assessing whether it is still appropriate to be quoted on AIM. If that happens there would be a return of cash to shareholders of 4.5p/share.
MAIN MARKET
Abenojar Tungsten plans to float on the Main Market before the end of the year. It owns the El Moto tungsten project in Spain, which could supply one-fifth of European tungsten demand.
Pristine Capital (PRIS) has entered a subscription agreement with RareWorld for an investment in shares and convertible loan notes of £500,000. The shares are equivalent to a 29.9% stake. There is also an agreement with creditors owed £486,000 and they will receive £238,000 of convertible loan notes in settlement and that will form a solvent restructuring. One hundred existing shares will be consolidated into one new share. A retail offer of up to £100,000 is also planned. The conversion price for the loan notes is 10p. Conversion will be triggered once there is a reverse takeover secured. Dr Joe Wong Kai Fat and Charles Woodgate are due to join the board.
Metals X has made an approach to First Tin (1SN) regarding a 15p/share cash offer. The independent members of the board are considering the proposal. Metals X already as a 29.95%. The share price has not been that high since March.
Hamak Strategy (HAMA) has sold the Nimba gold project in Liberia to Avesoro for uyp to $4.5m. The initial $1m is payable when a mineral resource containing at least 500,000 ounces of gold is confirmed. The company’s focus will be the Akoko gold project in Ghana.
