AQUIS STOCK EXCHANGE
Technology developer Vault Ventures (VULT) is finalising a strategic partnership with an organisation involved in quantum, post-quantum and security-critical software systems. This will support development of revenue generating quantum products for regulated organisations. Priority areas have been identified, and the partnership should accelerate development. There should be no requirement for a share issue to fund the partnership.
The WeShop share price fell back to $111.85, although volumes remain low. Even so, shares in both Aquis-quoted investors gained during the week. WeCap (WCAP) shares rose 8.11% to 2p and Hot Rocks Investments (HRIP) shares increased 3.08% to 1.675p.
Ajax Resources (AJAX) has signed a conditional option to acquire the Rachaite silver, lead, zinc and copper/gold prospect in Argentina. The prospect was previously owned by former AIM company Alexander Mining and its drilling confirmed mineralisation. The potential purchase price is $20,000 in shares or the option and $380,000 in cash when exercised. Ajax Resources also has to invest $200,000 in exploration over three years. A 1% net smelter royalty will be retained by the seller, and this can be purchased for $250,000 minus royalty payments made.
Mendell Helium (MDH) says costs were swelled by preparations for a move to AIM when the option to acquire M3 Helium is exercised. There was a cash outflow from operations of £1.1m in the six months to September 2025.
EDX Medical (EDX) chief executive Dr Michael Hudson bought 28,526 shares at 10.57p each.
SulNOx Group (SNOX) says 1.45 million warrants were exercised by existing shareholders at 29p each, raising £420,000. Constantine Logothetis now holds 27.75% and Nistadgruppen AS has 13.85%.
The Smarter Web Company (SWC) has agreed a new subscription agreement for a further 50 million shares and the existing 13.24 million shares not subscribed for from the previous agreement. Up to 25% of the trading volume in one week can be issued.
Valereium (VLRM) is talking to a potential new corporate adviser. It will soon be listing the WAGEEN Token (WAG1) on licenced tokenisation venue for real-world assets VLRM Markets. The token will be issued by Wageen Corp, which is building an integrated ecosystem combining terrestrial, air, and maritime transport services into one platform. This could generate revenues of $600,000 for Valereum.
Coinsilium Group (COIN) plans a comprehensive update on strategy in the New Year. Portfolio company Otomato Web3 Agent Protocol has secured a $2m investment from a UK technology company.
Oscillate (SRVL) has completed the first exploration programme on its licence in the Kalahari copper belt. The results will be available in the first quarter of 2026.
TechFinancials (TCH) has received the £250,000 raised in September at 0.25p/share. This will help fund the development of the 25%-owned Dilotiko iron ore operations in Kenya. There is an option to acquire up to 60% of Dilotiko. The company’s name will be changed to Ubunto Mining and Metals Inc.
B HODL (HODL) has approved a Strategic Bitcoin-Backed Loan Framework using CoinCorner’s product as part of its treasury management activities. CoinCorner is a shareholder in B HODL. The cash will finance Bitcoin purchases.
Oberon Investments (OBE) raised £625,000 at 3.7p/share.
Property investor Ace Liberty and Stone (ALSP) chairman Dr. Antonios Ghorayeb bought 36,000 shares at 25p each, taking his stake to 0.94%.
Amazing AI (AAI) is changing its year end from June to December. The next accounts will be for 18 months to December 2025.
JP JENKINS
Energy generator OPG Ventures (OPG) left AIM and joined JP Jenkins on 23 December. The India-focused company operates coal-fired power plants.
Medical imaging technology developer Polarean Imaging (POLX) left AIM and joined JP Jenkins on 23 December.
Gosport-based brewer and bars operator Powder Monkey (PMGL) has bought County Durham-based Maxim Brewery, which was formed after the closure of Vaux Breweries in 1999. A share subscription is planned.
AIM
Oil and gas company Sintana Energy Inc (SEI) completed the acquisition of Challenger Energy in early December and joined AIM on 23 December.
Indus Gas (INDI) is proposing to shareholders that it should leave AIM. A general meeting will be held on 8 January. There is a limited free float, and it has been difficult to raise funds or use shares for acquisitions. Gynia Holdings owns 82.7%. Interim figures show an improved pre-tax profit of $1.93m, up from $1.24m. Indus Gas is awaiting a production sharing contract extension so a new gas sale and purchase agreement can be signed.
Pipehawk (PIP) is selling Utsi Electronics to Hong Kong company Leidi Global Supply for £1m. A £25,000 deposit has been paid. This subsidiary lost £464,000 last year. Stripping that out, Pipehawk would have made a pre-tax profit of £154,000. This leaves utility infrastructure detection company Adien and rail-focused Thomson Engineering Design.
Professional services provider Christie Group (CTG) is selling visitor attraction software business Vennersys for an initial £500,000 in cash. There is also up to £900,000 of retained consideration subject to performance conditions. The sale should be completed by the end of January. Vennersys is loss making and the disposal could add around £500,000 to 2026 pre-tax profit - £2.8m is the current forecast.
Mobile Streams (MOS) shares returned from suspension down 62.6% to 0.23p following publication of an admission document and results for the year to June 2025. June 2025. The company, which is changing its name to Gana Media Group, is acquiring the shares it does not own in two Mexican sports betting and media companies. It already owns 28.7% to Estadio Gana, plus convertible loan stock, and 22.5% of Capital Media Sports. Buying the rest of Estadio Gana will cost £31.9m in shares at 0.625p each, while 584.2 million shares a 0.495p each will be issued for Capital Media Sports. Investment in existing Mexican operations enabled full year revenues to rise from £436,000 to £1.41m. Net cash was £1.52m at the end of June 2025 and by the end of September available cash was £991,000.
Store closures and exiting Boots meant that Mothercare (MTC) interim revenues fell by one-quarter to £90.7m. Like-for-like revenues were 6% lower. The pre-tax loss declined from £1.4m to £1.1m due to lower interest charges. The new South Asia joint venture made a positive contribution. Net debt was reduced from £17.1m to £5.8m. Chairman Clive Whiley has bought 42 million shares in Mothercare at 1p each taking his stake to 8.87%, while finance director Andy Cook bought 5 million shares at 1p each. Robert Quested reduced his stake from 9.39% to 1.05%.
Vast Resources (VAST) has announced the proposed acquisition of Gulf International Minerals in an all share deal and trading in the shares has been suspended. Gulf International Minerals is an explorer focused on Tajikistan. It has a joint venture with the Ministry of Industry and New Technologies in Tajikistan covering four gold mining operations and a central processing plant. Of these, Aprelevka produces 10,4000 ounces of gold and 80,000 ounces of silver each year and Vast has been managing the operation in return for 10% of earnings after tax. A placing will raise £7.5m and this will help to fund a JORC compliant resource estimate.
Quicklime producer and critical metals explorer Firering Strategic Minerals (FRG) has raised £860,000 at 1.25p/share. The $1m Ricca debt has also been settled. The cash will fund further development of the Limeco project in Zambia. This investment will help to increase revenues.
Synthetic binders developer Aptamer (APTA) has signed a licensing agreement with Alphazyme, a Maravai LifeSciences company that supplies speciality enzymes to the life sciences sector. The non-exclusive deal is for a developed Optimer® for use in hot-start PCR applications – when the enzyme switches on when heated. The original development deal was signed in June 2024, and another development project has recently completed.
Pantheon Resources (PANR) is suspending flow testing at the Duhle-1 well in order to save costs of around $150,000/day in the winter period. Costs will be lower in the spring. Results have been disappointing so far. The company will analyse data and assess opportunities in other parts of its oil and gas portfolio in Alaska. There is $27.2m in the bank. Zeus has cut its total risked NAV from 73p/share to 53p/share. Michael Spencer’s stake reduced from 8.19% to 7.59%.
Premier African Minerals (PREM) says it has been issued with a writ of execution of movable property at the Zulu project by a creditor seeking $2.2m. Discussions continue with the creditor, which is JR Goddard Contracting.
Alliance Lithium (ALL) has revised and resubmitted its mining licence application for the Ewoyaa lithium project in Ghana. The royalty rate will be between 5% and 12% depending on the spodumene price. Canaccord Genuity assumes 10% in its forecasts suggesting a price between $2,501/tonne and $3,000/tonne, but the price is currently lower. The new lease requires government ratification.
Litigation Capital Management (LIT) has to meet the costs of a failed claim in Queensland against Stanwell Corporation and CS Energy. Each company will receive A$16.2m. This partly covered by insurance, but the company still has to pay A$12.9m. An appeal has been filed and should be heard in March and there may also be an appeal against the costs award. The strategic review of operations is ongoing.
MAIN MARKET
Cash shell daVictus (DVT) had cash of £112.000 at the end of 2024. These annual figures were released just before the end of 2025.
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