Seeing Machines, KEFI gold and Copper, Ariana Resources, Helium One Global, Pantheon Resources - Small Cap Snapshot
Published: 04:15 26 Feb 2025 EST
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) says it expects to hit cash break-even by the end of the year, despite challenges in the global automotive sector. Nearly 3 million vehicles now use its road safety tech, with revenue steady at $25.3 million for the last six months.
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) has upgraded its resource estimate at the Jibal Qutman gold project in Saudi Arabia to 902,000 ounces. The increase strengthens its plans for a long-life, multi-stage open-pit mine, with 83% of the gold now in the indicated resource category.
Ariana Resources PLC (AIM:AAU) says its Asgard Metals Fund is seeing major progress, including a joint venture deal for Pallas Resources with top copper producer Ivanhoe Mines. The fund focuses on mineral exploration and development across its diverse portfolio.
Helium One Global Ltd (AIM:HE1, OTCQB:HLOGF) has finished drilling the intermediate section at its Jackson-31 well in Colorado. The company, which owns a 50% stake in the Galactica-Pegasus helium project, will soon resume drilling to the Lyons Sandstone Formation target.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) is boosting its convertible bond issue to $35 million, up from $30.5 million. The extra funds will support working capital, expenses, and the upcoming flow testing at the Megrez-1 well.
