The following stocks are the leading risers and fallers on AIM in London on Friday.
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AIM - WINNERS
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Ilika PLC, up 11% at 50.00p, 12-month range 22.50p-87.00p. The solid-state battery technology company says it has signed a 10-year manufacturing licence with Cirtec Medical for the manufacturing and commercialisation of miniature Stereax solid-state batteries. Cirtec is a Brooklyn Park, Minnesota-based full-service outsource partner, which provides end-to-end product design, development and manufacturing of Class III and II medical devices and components. ‘We are delighted to be working with Cirtec for the commercialisation of Stereax. Cirtec has a very strong track record in the commercialisation of miniature medical devices and we believe this partnership is well-positioned to ensure a high quality, reliable and scalable supply of Stereax batteries to our customers,’ says Chief Executive Officer Graeme Purdy.
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Europa Metals Ltd, up 7.7% at 2.80p, 12-month range 2.20p-5.20p. The Europe-focused lead-zinc and silver developer says the latest assay results of seven drill holes at its Toral lead, zinc and silver project in Spain show ‘significant’ mineralisation. ‘The current drill campaign is nearing its close and pleasingly all holes have intersected mineralisation as expected, with assays now received for all of the completed holes. The intersections reported to date have correlated well with the known existing resource,’ Chair & Chief Executive Myles Campion says. Europa Metals also says detailed environmental studies are now nearing completion, which is required to finalise the formal submission of its mining licence application to the Mines Department of Castilla y Leon.
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AIM - LOSERS
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Thor Energy PLC, down 15% at 0.22p, 12-month range 0.17p-0.70p. The uranium and vanadium explorer proposes a share consolidation on the basis of one new share of £0.001 for every 10 existing shares of £0.0001 each. The company plans on holding a general meeting on August 23. ‘The company has a large number of shares on issue, which is disproportionate relative to the company’s peers. In addition, for shares of low denominations, small absolute movements in the share price can represent large percentage movements resulting in volatility and the bid-offer spread on shares priced at low absolute levels can be disproportionate to the share price and therefore to the detriment of shareholders,’ Thor explains.
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Alien Metals Ltd, down 14% to 0.28p, 12-month range 0.28p-0.80p. The minerals exploration and development company with five projects in Western Australia hires Alwyn Vorster as non-executive chair, cites his ‘extensive’ experience in bulk commodities, particularly iron ore. Vorster was previously interim chief executive officer of Hastings Technology Metals Ltd; he has also worked at BCI Minerals, Aquila Resources Inc and Rio Tinto PLC, and is a director at Arrow Minerals Ltd and ChemX Materials Ltd. Incumbent Executive Chair Guy Robertson will transition to new role as executive finance director. Troy Whittaker is also officially promoted to chief executive officer having ‘been acting as’ group CEO since December 2022.
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