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Oracle Power PLC Secures £500,000 to Boost Project Development

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Oracle Power PLC Secures £500,000 to Boost Project Development

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Oracle Coalfields ( (GB:ORCP) ) has provided an update.

Oracle Power PLC has successfully raised £500,000 through a placing of new ordinary shares at a 20% discount. The funds will primarily support the development of projects in Australia and Pakistan, as well as general working capital. This financial boost is expected to accelerate Oracle’s project development activities, enhancing its market positioning and operational capabilities.

More about Oracle Coalfields

Oracle Power PLC is an international project developer listed on London’s AIM market, focusing on energy projects in Western Australia and Pakistan. The company is actively involved in the energy industry in Pakistan, aiming to establish one of the largest green hydrogen production facilities in the region.

Average Trading Volume: 187,233,802

Technical Sentiment Signal: Sell

Current Market Cap: £2.36M

See more insights into ORCP stock on TipRanks’ Stock Analysis page.

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