Ariana Resources, Zephyr Energy, Ilika, Foresight Solar, hVIVO - Small Cap Snapshot
Published: 04:05 29 May 2025 EDT
Ariana Resources PLC (AIM:AAU) says it's well positioned for its planned ASX listing this year and has appointed Shaw & Partners as lead manager. The company plans to raise new equity alongside the listing to support drilling at its Dokwe project in Zimbabwe, where it sees potential for over a million ounces.
Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF)Â has posted strong results from its Paradox project, with estimated recoveries up to 1.24 million barrels from the State 36-2R well. The company said the scale of the project has the potential to grow considerably.
Ilika PLC (AIM:IKA, OTCQX:ILIKF) has raised £4.2 million, including £0.9 million from retail investors, to back its battery tech plans. The money will support commercial work on its Stereax and Goliath solid-state batteries.
Foresight Solar Fund Ltd (LSE:FSFL) has cut its credit facility by a third but extended the term to 2028. The move will save £1 million in fees and keep its balance sheet more flexible.
hVIVO PLC (AIM:HVO) has named Tracey James as an independent director, starting June 1st. She'll chair the audit committee and brings AIM experience from past roles at Grant Thornton and other firms.
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