Kodal Minerals Share News (KOD)

(Alliance News) - The following stocks are the leading risers and fallers on AIM on Wednesday.

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AIM - WINNERS

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Bezant Resources PLC, up 3.3% at 0.0775 pence, 12-month range 0.0195p-0.11p. The copper and gold exploration completes the acquisition of a 90% stake in Namib Lead & Zinc Mining (Proprietary) Ltd, securing ownership of the NLZM processing plant and clearing the way for development of the Hope & Gorob gold project. Chair Colin Bird says: "There is now no encumbrance to the development of Hope & Gorob and we look forward to commencing on ground activities at the start of the new year. We are currently in the desk engineering and preparatory stage of various aspects of engineering and design to ensure a seamless commencement of construction."

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Kodal Minerals PLC, up 3.2% at 0.32p, 12-month range 0.244p-0.47p. The West Africa-focused mineral explorer and developer receives USD21.3 million from offtake partner Hainan Mining Co Ltd for its maiden export of spodumene concentrate from the Bougouni project in southern Mali, marking first revenue. The company says processing restarts this week following maintenance, with the DMS plant expected to reach nameplate capacity, while mining and stockpiling continue and a second shipment is planned for the first quarter of 2026. CEO Bernard Aylward says: "Following the successful transport and shipment of the first export of spodumene concentrate, the Bougouni mining operation has continued with the build-up of the ROM stockpile ahead of the full recommencement of production, which should ensure that the DMS processing plant is able to produce approximately 10,000 tonnes per month."

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AIM - LOSERS

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Victoria PLC, down 18% at 30.65p, 12-month range 30.65p-143p. The Worcester, England-based designer, manufacturer and distributor of flooring products reports weaker first-half earnings, with revenue falling to GBP528.7 million from GBP568.8 million a year prior. Underlying pretax loss widens to GBP15.4 million from GBP13.6 million, although reported pretax loss narrows to GBP147.9 million from GBP167.8 million. Shares also come under pressure after Berenberg cuts its price target on the stock to 100p from 170p, while maintaining a 'buy' rating. Chair Geoff Wilding says: "This financial year has seen us working on dual tracks: addressing the group balance sheet and executing internal initiatives to improve earnings. The refinancing process has been more extended than originally expected and reflects both the complexity of the capital structure and the point of the cycle. Refinancing the 2028 bonds remains a key objective for the business, and management continue to engage with all its capital providers to provide a solution that is advantageous to the company and all stakeholders. Despite the macro environment headwinds, all the internal initiatives we announced earlier this year are on schedule and additional savings have been identified."

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By Eva Castanedo, Alliance News reporter

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