Strategic Minerals, Kefi Gold, Helium One
Those fears on Friday that another October sell-off for stocks was underway appeared misplaced and we’ve started the week very much on the front foot. The theme of cheer has caught up the AIM All Share Index too, which reached the bell almost six points higher at 792.01.
- Strategic Minerals +68%
- Kefi Gold +29%
- Helium One +15%
- UKRProduct -17%
- Xeros Technology -16%
Strategic Minerals LON:SML topped the board, adding 68% on Monday after the company announced exceptional Tungsten drilling results, reinforcing the status of the Redmoor site as one of the highest grade, undeveloped deposits globally. With two rigs now mobilised, management await further results.
Kefi Gold LON:KEFI was in second place, up 29% following an update on its Tulu Kapi gold project, where procedural matters have now been resolved, paving the way for a debt capital offering to take place.
Helium One LON:HE1 gets the notable mention, up 15%. The company published a pair of updates this morning although arguably it was the update on expecting to see gas production at the c-owned Colorado project that sparked interest. Management note that flows are on schedule for December 2025, with sellable grade gas ready in Q1 ’26.
UKRProduct LON:UKR, the Ukrainian food producer was the biggest faller, off 17% at the bell. There’s no news but the drop was within the quoted closing spread and only a couple of transactions were booked.
Xeros Technologies LON:XSG was in second to last place, down 16%. Shares jumped 30% last week off the back of a breakthrough launch agreement, but that precipitated a series of notifiable sell orders. The stock has now given back most of the gains seen since last Monday.
