The coal project developer reported widening losses and dwindling cash reserves, while still awaiting crucial government approvals. Material uncertainties persist regarding future funding and project viability.
The resource exploration and development company provides an update on the status of its subsidiary Polo Resources Limited, which was previously dissolved but is now being restored as a registered company.
The energy company has issued new shares at a 27.5% discount to the previous closing price, indicating low investor appetite and potential funding challenges.
The coal exploration firm reported widening losses and dwindling cash reserves as it awaits crucial government approval for its flagship project in Bangladesh. Despite some positive signals, financial strain and project uncertainties loom large.
The energy company has raised £1 million through a discounted share placing, as it continues to face losses and uncertainty around its key project.
The energy company has renewed its consulting agreement to help obtain government approval for its coal and solar power projects in Bangladesh.
Mining company GCM renews consulting deal with partner, shares to be issued as payment.
The energy company has extended its MoU with a Chinese partner for the Phulbari coal mine project in Bangladesh, but details on next steps remain limited.
The mining and energy company announces a directorate change, with an executive director stepping down but remaining involved in operations.
The mining and energy company reported a £1.39M loss for FY2024, with progress on its flagship Phulbari project hampered by political instability in Bangladesh. Despite challenges, it secured a key contract and improved its cash position.