Ora Banda Mining Ltd (ASX:OBM) has received firm commitments from institutional investors to raise $30 million in a share placement, at an issue price of $0.22 per new share, to advance the Davyhurst Gold Project in Western Australia.
The company says the placement received strong support by both new and existing international and domestic institutional, professional and sophisticated investors.
Polarean Imaging PLC (AIM:POLX, OTC:PLLWF) has provided investors with detailed insight into how it intends to commercialise its groundbreaking XENOVIEW technology - a plan that would require at least $10m in additional investment.
In the update, it said shareholders NUKEM Isotopes and Bracco Imaging are ready to stump up $2.5m and $2m respectively, while HMRC has given what's called advanced assurance over the availability of $2.5m under the Enterprise Investment Scheme.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) announced an uptick in its fourth-quarter production volumes, which averaged 1,053 barrels oil equivalent per day (boepd), a 7% increase from the previous quarter.
The company, in a statement, highlighted significant contributions from the Slawson wells, which, despite temporary setbacks due to weather and infrastructure challenges, resumed production in January 2024.
Arecor Therapeutics PLC (AIM:AREC) said its subsidiary Tetris Pharma has launched Ogluo, its glucagon-prefilled autoinjector pen, in the Netherlands.
Designed to treat severe hypoglycaemia in individuals with diabetes mellitus, it will be rolled out commercially by Tetris' local partner, Goodlife.
Empire Metals Ltd (AIM:EEE) said it has started diamond drilling as part of the next major exploration campaign at the Pitfield Project in Western Australia.
A total of 800 metres of diamond core drilling will start the programme to be followed in March by a 40-hole Reverse Circulation drilling campaign covering 6,000m that will take approximately 10 weeks.