Excellon Resources Inc (TSX:EXN, OTCQB:EXNRF) on Tuesday said it has increased the size of its previously announced private placement of common shares following strong investor demand.
The company will now seek to raise up to C$11 million, up from the earlier target of C$8 million.
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has signed a Master Services Agreement (MSA) with Unique Group, expanding its existing partnership in the United Arab Emirates (UAE).
The agreement formalizes the companies’ collaboration first announced in July 2024, and designates Unique Group as OPT’s execution partner for all non-defense WAM-V unmanned surface vehicle (USV) projects in the UAE.
Power Metallic Mines Inc (TSX-V:PNPN, OTCQB:PNPNF) announced the appointment of Seamus O'Regan, Canada’s former Minister of Energy & Natural Resources, to its board of directors.
The Canadian exploration company said while O'Regan was in cabinet he oversaw Canada's first Critical Minerals Plan, the Critical Minerals List, the National Hydrogen Plan, and the Small Modular 6Reactor Action Plan.
Excellon Resources Inc (TSX:EXN, OTCQB:EXNRF) has announced a brokered private placement of up to 40 million common shares at C$0.20 per share, targeting gross proceeds of up to C$8 million.
The financing is being led by Red Cloud Securities and Velocity Trade Capital as co-lead agents and joint bookrunners.
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) announced that it has filed its second quarter results and provided an update on its ongoing exploration program in Namibia.
The company said it has filed its unaudited consolidated financial statements and Management’s Discussion and Analysis on SEDAR+.
Alvopetro Energy Ltd (TSX-V:ALV, OTC:ALVOF) announced initial production results from its recently-completed 183-D4 Murucututu well in Brazil, in which the company has a 100% working interest.
The Canada-based energy producer said the 183-D4 well was drilled in the second quarter to a total measured depth of 3,072 metres, encountering potential natural gas pay in the Caruaçu Member of the Maracangalha Formation.
Orosur Mining Inc (AIM:OMI, TSX-V:OMI) shares advanced with the news of further assay results from infill drilling campaign at the Pepas prospect within the Anzá gold project in Colombia.
The programme is designed to deliver a NI 43-101 compliant mineral resource estimate by year-end.
“Pepas remains on track and the high bar set by the early holes continues to be cleared on a regular basis,” chief executive Brad George said in a statement.
Filtronic PLC (LSE:FTC) has won a £47.3 million ($62.5 million) order from Elon Musk's SpaceX, its largest ever single order.
The order for its proprietary gallium nitride (GaN) E-band product, delivering more than double the output power of existing gallium arsenide radio frequency systems, is up from a £32.5 million purchase in June, a £16.8 million contract win in February and a £6.4 million production order last August.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) has now completed its US$7.3 million acquisition in the Rocky Mountains basins, adding working interests in producing assets.
The transaction, effective from 1 June 2025, also includes undeveloped reserves and additional acreage for potential future development.
American Rare Earths Ltd (ASX:ARR, OTCQB:ARRNF) has marked a key milestone at its Cowboy State Mine (CSM), part of the Halleck Creek Deposit in Wyoming, with the completion of a 24-hour groundwater monitoring well pump test.
The test not only delivers critical hydrological data for regulatory submissions but also provides essential inputs for ongoing Pre-Feasibility Study (PFS) engineering work. It represents a significant step forward in compiling the baseline environmental data required for the company’s forthcoming permit to mine application with the Wyoming Department of Environmental Quality–Land Quality Division (WDEQ–LQD).
Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF) has intersected copper mineralisation in its first drill hole at the 100% owned Ilo Este copper-gold project in southern Peru, confirming the potential of a large porphyry system.
The diamond drill hole, IE-001-2025, reached a depth of 482.10 metres and intersected a sequence of intrusive rocks with multiple fault zones, breccias, alteration and mineralisation. Assay results are pending from ALS Global, with delivery expected in September 2025.