Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has issued 9.1 million new shares at US$0.2878 (£0.2266) each to raise US$2.622 million and pay off due convertible debt before any news from its next well.
Shares will be placed with the convertible bondholders at an issue price representing a 10% discount to the preceding 10-day average, with the amount to cover both principal and interest for the quarter.
Bradda Head Lithium Ltd (AIM:BHL, OTC:BHLIF, TSX-V:BHLI) said the past six months had seen meaningful progress at both its Basin and San Domingo projects in Arizona.
This included an updated resource totalling 2.8 million tons contained LCE at Basin North, exceeding the final LRC royalty agreement threshold triggering the final royalty payment of US$3 million.
Shares in Eco Buildings Group PLC (AIM:ECOB) jumped 24% after progress was announced in its partnership with the Dominican Republic government.
Housing Minister Carlos Bonilla Sanchez recently toured the company’s high-tech modular housing factory in Albania, which produces homes that are half the cost, two-thirds the weight, and five times faster to build than traditional methods.
HeLIX Exploration PLC (AIM:HEX) has declared its Clink-1 well a new discovery, as it reported latest test results.
The well, part of the Ingomar Dome project, in Montana, demonstrated robust production potential in the tests, the company told investors..