Metals One PLC (AIM:MET1), which holds a 39% stake in the Råna Project in Norway, has announced positive results from the 2024 drilling programme conducted by project operator Kingsrose Mining.
Three holes, totalling 706 metres, were drilled at the Rånbogen prospect, revealing new zones of nickel, copper, and cobalt mineralisation.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) has secured funding for the extended lateral drilling of the State 36-2R LNW-CC well at its Paradox Basin project in Utah.
It is receiving $7.5 million from a US-based industry investor, in exchange for a 50% non-operated working interest in the well. The funding does not involve any issuance of equity or debt.
Active Energy Group PLC (AIM:AEG, OTCQB:ATGVF) weighed in with interim results and restated its commitment to commercialise its CoalSwitch technology, a green biomass pellet product.
The results were notable not because the group posted a $1 million loss for the six months ended June 30 but because its shares will relist following the publication of the numbers. It ended the period with $400,000 of cash.
Digitalbox PLC (AIM:DBOX), the mobile-first digital media company listed on AIM, has acquired the online assets of Walford News, a website dedicated to news, gossip, and spoilers about the soap EastEnders.
It is buying the website walfordnews.com and its associated Walford East Facebook page, which boasts approximately 475,000 followers.