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Oracle Power PLC (AIM: ORCP), a global project developer, has announced a placing of 1,250,000,000 new ordinary shares at 0.04 pence each, raising gross proceeds of £500,000. The funds will primarily support advancing gold production efforts in Western Australia following the awarding of a significant mining lease, alongside progressing energy initiatives in Pakistan. The placing price reflects a 20% discount to the closing mid-market price on 2 July 2026, yet is 186% higher than the company’s previous placing in August 2025. Admission of the new shares to AIM trading is expected around 8:00 a.m. on 9 July 2026, after which the total issued share capital will be 16,971,394,613 ordinary shares.
Key Points
- Company: Oracle Power PLC, ticker ORCP, listed on London’s AIM market
- Raised £500,000 gross via placing 1,250,000,000 new ordinary shares at 0.04 pence each
- Placing price is 20% below 2 July 2026 closing mid-market price but 186% above August 2025 placing price
- Net proceeds mainly allocated to advancing the Northern Zone Gold Project in Western Australia, with additional funds for Pakistan energy projects and general working capital
- Mining lease for Northern Zone Gold Project near Kalgoorlie formally granted, marking a key milestone
- AIM admission anticipated on or around 9 July 2026; total voting rights post-admission: 16,971,394,613 shares
- Investors should monitor updates on gold production timelines and Pakistan energy developments
Oracle Power Raises £500,000 via AIM Share Placing
On 3 July 2026, Oracle Power PLC confirmed it raised £500,000 gross through placing 1,250,000,000 new ordinary shares at 0.04 pence per share. The placing was facilitated by CMC Markets UK Plc, trading as CMC CapX, acting as placing agent. Strand Hanson Limited remains the company’s Nominated Adviser and Broker on AIM.
The new shares, termed "Placing Shares," will rank equally with existing ordinary shares in all respects. Oracle Power has applied for these shares to be admitted to AIM trading, with admission expected at 8:00 a.m. on or around 9 July 2026. No shares are held in Treasury, and the enlarged share capital will total 16,971,394,613 ordinary shares post-admission.
Placing Price: 20% Discount to Market but 186% Increase from Prior Round
The placing price of 0.04 pence per share is set at a 20% discount to the 2 July 2026 closing mid-market price. Such discounts are common in small-cap AIM placings to incentivize swift capital commitment without lengthy bookbuilds.
Notably, this placing price is 186% higher than the company’s last placing in August 2025. This significant increase may interest existing shareholders evaluating the relative value of the current fundraise compared to previous dilutions. It is important to note that placing prices depend on market conditions and negotiation at the time and do not guarantee future share price performance. The immediate share price impact was not disclosed.
Mining Lease Granted for Northern Zone Gold Project, Driving Use of Funds
The primary use of net proceeds is to advance Oracle Power’s gold projects in Australia, focusing on the Northern Zone Gold Project. The mining lease for this project near Kalgoorlie, Western Australia, has been formally granted, a milestone the company highlights as critical. The region benefits from established mining infrastructure and experienced local labor.
CEO Naheed Memon described the lease grant as "a tremendous result for the Company, our JV partner, Riversgold Limited and our funding and production partner." Oracle Power’s joint venture partner is Riversgold Limited; however, details of the funding and production partner remain undisclosed. The company aims to "advance swiftly towards gold production," signaling a transition from exploration to pre-production.
Allocation of Net Proceeds from the Placing
Net proceeds will primarily accelerate development at the Northern Zone Gold Project to reach gold production, reflecting the importance of the mining lease milestone.
Additionally, funds will support Oracle Power’s energy projects in Pakistan, where the company is developing one of the largest green hydrogen production facilities in the region. A portion of proceeds will also be reserved for general working capital. Specific budget allocations or percentages were not disclosed.
Pakistan Energy and Green Hydrogen Development
Oracle Power’s activities in Pakistan form a strategic complement to its Australian gold interests. The company is advancing a large-scale green hydrogen production facility in Pakistan, a sector gaining global attention for energy transition. CEO Naheed Memon noted ongoing progress in Pakistan energy projects.
While green hydrogen represents a promising growth area, details such as project timelines, capacity targets, offtake agreements, and capital expenditure remain undisclosed, indicating the project is still in development.
Impact on Share Capital and Voting Rights
The placing adds 1,250,000,000 new ordinary shares, increasing total issued share capital to 16,971,394,613 shares post-admission, with no treasury shares. This figure determines shareholder notification obligations under FCA Disclosure Guidance and Transparency Rules.
The new shares represent approximately 7.36% of the enlarged share capital. They rank equally with existing shares in dividends, voting, and capital return rights. Existing shareholders not participating in the placing will see a proportional reduction in ownership percentage.
Role of CMC CapX and Inside Information Disclosure
CMC Markets UK Plc, trading as CMC CapX, acted as placing agent, a standard practice for AIM companies accessing institutional and sophisticated investors. Strand Hanson Limited continues as Nominated Adviser and Broker.
The announcement confirms the information constitutes inside information under the Market Abuse Regulation (EU) No. 596/2014, as incorporated into UK law, underscoring the placing and mining lease milestone’s materiality and Oracle Power’s obligation for timely market disclosure.
Oracle Power’s International Development Strategy
Oracle Power positions itself as an international project developer listed on AIM, focusing on Western Australia and Pakistan. This dual-geography approach diversifies risk but adds complexity in capital allocation, balancing early-stage gold production ramp-up in Australia with longer-term green hydrogen development in Pakistan.
The Northern Zone mining lease grant near Kalgoorlie provides regulatory validation of the Australian asset, potentially enabling near-term revenue, in contrast to the longer-dated Pakistan hydrogen project. Investors may watch for operational updates on production timelines, capital expenditure, and the funding partner’s role. The company’s goal to "generate revenue from our gold activities" highlights gold production as the near-term financial catalyst.
Insights on the Fundraise and Development Timeline
The £500,000 gross placing is modest and typical for small AIM-listed resource companies at a critical operational stage. The company’s stated intent to "advance swiftly towards gold production" suggests a shift from feasibility to accelerated development following the lease grant.
The placing price increase compared to August 2025 may be encouraging to longer-term investors, though they should assess whether operational progress and financial position justify the valuation. No forward revenue guidance, production cost estimates, or first gold pour timeline were provided.
Admission Date and Next Steps for Investors
Admission of the 1,250,000,000 Placing Shares to AIM is expected at 8:00 a.m. on or around 9 July 2026. Post-admission, the enlarged share capital will be fully tradable on AIM. Investors should note this date as the placing’s formal completion.
Following admission, market watchers may seek updates on the Northern Zone Gold Project’s progress, details on the funding and production partner, and developments in Pakistan’s energy portfolio. Financial PR advisers St Brides Partners Limited are named as media contacts, indicating Oracle Power’s intent to maintain active communications. The company has not indicated if further fundraising will be needed before gold production revenues commence, a factor for investors to consider regarding ORCP’s risk profile at this stage.
