Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) should have ample time before the rainy season to complete its phase-two drilling campaign at its Rukwa project in Tanzania where it hopes to prove it contains the world's largest primary helium resource.
In its announcement on Tuesday, the AIM- and OTC-listed company announced that an independent audit of its planned drilling rig is 80% complete, with the key components tested and operated successfully.
Tower Resources PLC (AIM:TRP) said it had secured £1.5mln of equity funding by issuing new shares at 0.175p each. Chairman Jeremy Asher bought £250,000 of new stock in the fundraiser.
The proceeds from the placing will be used as the company prepares to drill the NJOM-3 appraisal well offshore Cameroon.
Quantum Blockchain Technologies PLC (AIM:QBT) said a UK legal claim against the company has been abandoned, with €77,000 costs paid.
Further legal costs and damages may be awarded to the company following a final UK hearing for its counterclaim against former shareholders and directors of Sosushi.
Bango PLC (AIM:BGO, OTCQX:BGOPF) said revenue increased in first half as it upped investment and attracted “significant new customers”.
In a trading update for the six months to June, the global platform for data-driven commerce saw sales jump 9% to US$10.8mln in a period when many major currencies declined against the dollar.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) said the audit of its proposed drilling rig is 80% complete and so far indicates it will be suitable to begin the phase-two programme at Rukwa project in Tanzania.
Confirming that an unnamed tier-one oil and gas service company is its preferred integrated well services contractor, the company said work is underway to define a timeline to mobilise critical well evaluation equipment that will determine the start date for the drilling campaign.
Atlantic Lithium Limited (AIM:ALL, OTCQX:ALLIF) announced further positive drilling results from its flagship Ewoyaa lithium project in Ghana, West Africa.
It received assay results for an additional 2,900 meters (m) of drilling at the Ewoyaa Main and Grasscutter North targets.
Chesnara PLC (LSE:CSN) named two senior leadership appointments aimed at boosting its M&A and commercial capabilities.
The European life insurance consolidator appointed Al Lonie, currently group company secretary, as group chief of staff.