AIM weekly movers on London’s junior market were led by coal developer GCM Resources (LON: GCM) and the freshly readmitted Vast Resources (LON: VAST), with sharp falls at eEnergy (LON: EAAS) and Pulsar Group (LON: PULS) pulling in the other direction.
Vast Resources Leads AIM Weekly Movers After Reverse Takeover
Vast Resources returned from suspension after completing its reverse takeover of Gulf International Minerals. The sellers of Gulf International Minerals now own 80.2% of the enlarged company.
The deal gives Vast a 49% beneficial interest in the Aprelevka Joint Venture, which holds four active mining licences in the Tien Shan gold belt, confirmed by the LSE readmission announcement. The joint venture is reported to produce 11,000 ounces of gold and 130,000 ounces of silver annually from mining and tailings operations. An Investing.com report on the December 2025 acquisition announcement cited lower figures of approximately 10,400 ounces of gold and 80,000 ounces of silver per year; the higher numbers reflect the current post-completion disclosure.
The transaction also constitutes a related-party deal under AIM Rule 13. Vast directors Andrew Prelea and Paul Fletcher hold 17.08% and 5.00% stakes respectively in Bay Square Pacific Ltd, the seller of Gulf International Minerals, according to Investing.com. Vast had been managing the Aprelevka operation since January 2024 under a profit-sharing arrangement that the acquisition now supersedes.
Historical estimates for the Gulf deposits suggest a potential mineral inventory of 179,000 to 782,000 ounces of gold and 28.7 million to 51.5 million ounces of silver across the various deposits, though no JORC-compliant resource has been established, Investing.com reported.
Vast raised £7.8m at 6.25p per share following a 25-for-one share consolidation. The price hit 6.375p on readmission before falling back to 4.4p, which is 46.7% above the adjusted suspension price of 3p.
GCM Resources (LON: GCM) soared 336% to 17p after the company said Bangladesh government statements on its national energy mix policy were positive and that coal was likely to feature in that mix. The move triggered warrant exercises at 6p each, raising £60,000.
Andrada Mining (LON: ATM) gained 24.4% to 5.66p after signing two NAD49m loan facilities to fund construction of an ore-sorting circuit at the Uis tin mine. The lenders are Bank Windhoek and the Development Bank of Namibia, with the combined NAD98m (approximately £4.4m) carrying a 10-year term, according to the Andrada Mining operational update for the period ended 31 August 2026. The facilities complete the funding requirements for the Uis Mine upgrade.
The LSE financial-close announcement confirmed implementation has commenced, with long-lead equipment ordered for the new crushing circuit. The ore-sorting circuit is projected to increase tin concentrate output by 50% to 70%, lifting contained tin production to between 1,500 and 1,900 tonnes per annum, according to the same operational update.
Sabien Technology (LON: SNT) rebounded 36.4% to 3.75p. The company said discussions with Haydale (LON: HAYD) and Intelligent Resource Management over a UK distribution agreement are continuing, but a previously announced investment and financing framework has been scrapped. The Strategic investor group will not buy the Richard Parris shareholding; his group will continue to provide financial support. Haydale edged 2.7% higher to 0.285p.
Fallers: Payment Delays and Legal Disputes Weigh on AIM Stocks
eEnergy (LON: EAAS) dropped 23.1% to a new low of 2p after disclosing delays to £3.2m of payments tied to completed work on a 65-site Mace project, with outstanding paperwork holding up settlement. The company extended repayment of its £500,000 Harwood Holdco loan from 30 November 2026 to 28 February 2027, according to Kalkine. That loan carries interest at 1% per month. Former director Nigel Burton is providing an additional £500,000 loan.
Pulsar Group (LON: PULS) fell 21% to 24.5p after confirming it is in discussions with HMRC over the timing of VAT and PAYE payments. The company said its trading position is stable and remaining amounts should be settled from cash generation.
Mercantile Ports & Logistics (LON: MPL) slipped 18.9% to 1.5p, despite sitting 400% higher for the year. The company continues to contest proceedings at India’s National Company Law Tribunal over the Karanja Terminal & Logistics dispute. Creditors rejected Mercantile’s proposals and approved a different ownership structure, though the company argues its offer was accepted before its own proposals were annulled. The port handled 1.2 million MT of cargo in 2025, against 1.33 million MT in the prior year. Net debt stands at £49.6m.
Jangada Mines (LON: JAN) fell 17.6% to 0.7p after completing phase-one drilling at the Molly gold project in Brazil. Bonanza gold grades were found at the Vivi target, with a potential resource estimated at 130,000 ounces of gold. The company has £1m in cash to fund the next phase of drilling.
The Mace payment dispute at eEnergy is the clearest near-term binary: if the £3.2m clears in the coming weeks, the two new loan facilities become a bridge; if paperwork stalls further, the company’s liquidity position tightens considerably.
