Oracle Power Share News (ORCP)

IN BRIEF: Oracle Power hails green hydrogen project progress

Oracle Power PLC - Pakistan and Australia-focused natural resources project developer - Progresses towards commercial viability of its green hydrogen project in Pakistan. Notes completion of 28 kilometres squared topography survey report using advanced drone technology to gather vital mapping data, adding that it revealed no significant obstructions to the development of the green hydrogen project. Says survey's findings will play a "crucial role" in "optimising the planning, design and construction costs for the proposed future 1.2 [gigawatt] hybrid wind and solar plants, along with the intended 400 [megawatt] green hydrogen facility." Says that it now aims for firm offtake agreements with partners and front-end engineering and design work for the planned plant.

UK shareholder meetings calendar - next 7 days

AIM WINNERS & LOSERS: Oracle Power raises funds at steep discount

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

IN BRIEF: Oracle Power shares plunge on fundraise for hydrogen project

Oracle Power PLC - Pakistan and Australia-focused natural resources project developer - Enters into placing agreement to raise GBP350,000 through the placing of 1.0 billion shares at a price of 0.035 pence each. Notes agreement is conditional on the passing of related resolutions due to be proposed at a general meeting. The proceeds of the placing will primarily be used to support the advancement of the company's green hydrogen project in Pakistan. They will also help provide the company with sufficient working capital to develop its other projects.

Oracle Power fist half loss widens on increased overheads

(Alliance News) - Oracle Power PLC on Monday said its loss nearly doubled in the first half as costs rise.

AIM WINNERS & LOSERS: Ocean Harvest falls as loss widens

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

Oracle Power completes feasibility study for green hydrogen project

(Alliance News) - Oracle Power PLC on Tuesday said it completed a technical and commercial feasibility study for its green hydrogen and green ammonia project in Pakistan.

Oracle Power reports progress at Northern Zone gold project

(Sharecast News) - International project developer Oracle Power updated the market on the ongoing development of the Northern Zone project by Riversgold on Monday.

Oracle Power notes Riversgold completes drilling at Australia project

(Alliance News) - Oracle Power PLC on Monday said that Riversgold Ltd completed its maiden diamond drilling programme at the Northern Zone gold project in Western Australia.

IN BRIEF: Oracle Power notes successful survey at green hydrogen plant

Oracle Power PLC - Pakistan-focused energy projects developer - Successfully raises GBP363,000 gross in June via a placing of shares at 0.1p. Says net proceeds will be used to advance its green hydrogen project in Sindh, Pakistan. Adds survey at green hydrogen project has revealed no obstructions, noting that the second quarter of the year has been "extremely productive."

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: Great Southern Copper identifies high-grade copper

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

EARNINGS SUMMARY: Belluscura loss widens; Civitas Social ups payout

(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Oracle Power teams up with Global Green Growth Institute

Oracle Power PLC - London-based, Pakistan-focused energy projects developer - Enters memorandum of understanding with Seoul-headquartered Global Green Growth Institute, valid for next five years. GGGI will provide Oracle with opportunities to engage with industry stakeholders, to facilitate development and finance green energy projects. Both parties will share knowledge and best practices to promote renewable energy sources in GGGI member and partner countries. GGGI, led by former United Nations Secretary General Ban Ki-moon, aims to promote sustainable development in developing and emerging Asian countries and help them achieve Net Zero goals by 2050.

IN BRIEF: Oracle Power raises funds for green project with Dubai royal

Oracle Power PLC - Pakistan-focused energy projects developer - Raises GBP363,000 through placing 323.0 million shares and a subscription for 40.0 million shares, both at 0.1 pence per share. Proceeds will primarily support the advancement of Oracle's green hydrogen project through its joint venture with Sheikh Ahmed Dalmook Al Maktoum and for general working capital purposes. Al Maktoum is Oracle Power's largest investor and has a 70% share in the JV. Trading in London of the fundraising shares is expected to start on or around June 27.