Eco (Atlantic) Oil & Gas Ltd said it made significant strides in the financial year just ended. It remains strongly committed to achieving exploration success at its high-value assets in Namibia and Guyana, having demonstrated strong progress with regard to both over the past year, the company said in its results statement covering the year to the end of March.
Botswana-focused Tlou Energy Limited (AIM:TLOU, ASX:TOU, BSE:TLOU) said negotiations over a 10MW power purchase agreement with Botswana Power Corporation and about securing project funding for the Lesedi project in the country “have significantly advanced”.
KR1 PLC (AQSE:KR1) said late on Thursday that it has invested US$100,000 into the RedStone project in a financing round in return for a yet-to-be-determined amount of RedStone tokens. In a separate announcement on Friday, the company said it invested US$269,892 into Interlay Ltd in return for 1,224 series seed shares in the group.
European Metals Holdings Limited said it expects the recent improvement in the market for and price of lithium to continue after significant gains were made in the past quarter. The developer of the Cinovec lithium-tin project in the Czech Republic provided an update on its activities during the three months to end-30 June, when it announced positive and encouraging results from locked-cycle testwork, the lodging of the Environmental Impact Assessment submission, advances in the formal assessment of the project’s environmental credentials, further successful drilling and the intended listing of its securities in the US via the NASDAQ ADR programme.
Drug developer ImmuPharma PLC (AIM:IMM) Euronext Growth Brussels:ALIMM) has announced a host of boardroom changes including the departure of its long-serving chief executive to “pursue a number of other external opportunities”.