Here’s five of the standout stories from the Proactive desk on Monday.
Pantheon Resources pops on Dubhe-1 success
Pantheon Resources jumped ~22% after its Dubhe-1 appraisal well on Alaska’s North Slope beat pre-drill expectations, confirming a 565-ft hydrocarbon column in SMD-B and upside in SMD-C and Slope Fan zones. Read more
Babcock tops the FTSE 100 on bullish RBC call
Shares led the blue-chip index after RBC initiated at ‘outperform’ with a 1,200p target, flagging improved execution, stronger defence mix and robust cash generation. Read more
Empire Metals soars on Pitfield grades
Empire Metals rallied after assays at the Thomas prospect outlined a near-surface core averaging ~6% TiO₂ over 3.6km, with multiple thick intercepts above 7%. Read more
Faron up 5% on FDA clearance for pivotal trial
Faron Pharmaceuticals rose after the FDA cleared a registrational phase II/III trial of bexmarilimab in higher-risk myelodysplastic syndrome, paving the way for accelerated approval based on interim analysis. Read more
UK housing: busiest July since 2020
Rightmove reported agreed sales up 8% year-on-year as sellers cut prices (new-listing asking prices down 1.3% in August), helping shift stock faster. Read more