Kore Potash PLC Share News (KP2)

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

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AIM - WINNERS

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Kore Potash PLC, up 8.4% at 3.36 pence, 12-month range 4.50p-1.72p. The London-based owner of the Kola and DX potash projects says it has started a formal sale process. The firm says it is possible that after the process, the board may conclude that Kore's interests would be best served by "alternative strategic options" including by continuing to trade as an independent entity. Kore Potash confirms that it has received approaches from two suitors, each of which is in the early stages of evaluating the possible acquisition of the entire share capital of the company. The company says it expects to require further funding no later than November. It it also considering possible sources of funding, including equity and debt, to fund the construction of the Kola project should a sale not occur.

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Aptamer Group PLC, up 7.8% at 0.86p, 12-month range 1.57p-0.21p. The York, England-based synthetic binders developer wins new contract with a "top five pharmaceutical company" with a value of up to GBP617,000. It says the contract is the third with this pharmaceutical company and represents "strong validation" of the Optimer platform. Under the agreement, Aptamer will develop Optimer binders against three key drug targets. Aptamer retains full intellectual property rights to all developed Optimers. It has a total signed contract value of GBP1.8 million, up 46% from GBP1.2 million at the same time last year. "This contract represents significant commercial validation and increasing traction of our Optimer technology platform," says Chief Executive Officer Arron Tolley. "We are well-positioned to build on last year's performance and deliver sustained revenue growth. We continue to build a robust foundation of repeat business with leading pharmaceutical partners, converting our commercial pipeline into long-term value for shareholders."

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AIM - LOSERS

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Image Scan Holdings PLC, down 11% at 1.20p, 12-month range 3.40p-1.06p. The Leicestershire, England-based provider of X-ray screening systems expects to report revenue of GBP1.6 million for the 12 months to the end of September, down from GBP2.9 million a year ago. It expects to swing to a pretax loss of GBP300,000 from a GBP200,000 profit a year prior. "The financial results for the full year were impacted by a slow start to the year and compounded by supply chain constraints and delays to a high-value contract," the company says. It adds that trading in the second half was profitable and demonstrates a "considerable operational turnaround". "We acknowledge that the timing challenges inherent in complex government procurement programmes, coupled with the supply chain difficulties that led to market guidance being withdrawn in August, have resulted in disappointing results for the year ended 30 September 2025," says CEO Vincent Deery. "However, I am extremely encouraged by the operational recovery achieved. Following the significant loss recorded in H1, the second half of the year proved to be significantly profitable, which mitigated the full-year loss. The operational stabilisation is a testament to rigorous and sustained cost management."

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Uru Metals Ltd, down 8.3% at 8.25p, 12-month range 13.00p-2.58p. The mineral exploration & development company raises GBP1.1 million, before expenses, through a placing of 15.7 million new shares at 7p each. "The funds raised will allow Uru to begin critical, on the groundwork, such as ground geophysics, which will give a clearer picture of the geological site and form a crucial part of the preparation for a drilling programme that will commence on completion of the geophysics," the company says. Following the receipt of the placing proceeds, Uru says it will start a tender process to find a drilling contractor for work that is expected to start in the first quarter of 2026. Separately, Uru Metals says the South African Department of Mineral and Petroleum Resources has granted a mining right for the Zeb nickel project in the Bushveld Complex, South Africa. The mining right has a 30-year term to 2055. "The granting and execution of the mining right materially de-risks Zeb Nickel by securing the right for 30 years and positions the project to engage quality partners as we advance," says CEO John Zorbas.

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By Michael Hennessey, Alliance News reporter

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