EnergyPathways PLC (AIM:EPP) told investors it has raised an additional £125,000 through a private placing and subscription with existing long-term shareholders.
The funding follows a £1.24 million raise, with all new shares priced at 6p (and including warrants exercisable at 9p within two years).
Proceeds will support pre-development workstreams at the MESH project, the company noted.
“We're pleased to have completed this additional fundraising with existing long-term shareholders to raise further funds to deliver near-term workstreams," said chief executive Ben Clube.
"We have strong demand within our shareholder base, recognising the significant value proposition presented by our MESH project and the nationally significant potential of our strategy.”