Quadrise PLC (AIM:QED) jumped another 20% as it reported the results of engine tests on prototypes of its ‘bioMSAR’ marine diesel alternative including a new 100% biofuel.
The tests, using bioMSAR formulations on the company's 40kW 4-Stroke Cummins diesel engine generator installed at Aquafuel Research, confirmed them as viable non-fossil and low-fossil fuels that cut emissions, improve engine efficiency and reduce fuel costs, it said.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has highlighted support received for a pipeline project in Alaska that promises to boost its assets on the North Slope.
The Alaska Industrial Development and Export Authority (AIDEA) has approved a resolution to negotiate a letter of credit with the Alaska Gasline Development Corporation (AGDC), the company noted in a statement.
EMV Capital (AIM:EMVC) has confirmed the successful close of an oversubscribed equity raise, for gross proceeds of £1.5 million.
The fundraising comprised a subscription of £932,752 and a retail offer of £567,248, both priced at £0.50 per new share – a premium compared to the price of 43.5p prior to the funding being announced. A total of 3 million new shares were issued to investors.