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Oracle
WRITTEN BY Adam Orlando

Oracle raises funds for Australia, Pakistan projects

Oracle Power (AIM:ORCP) has raised gross proceeds of £500,000 ($1.038 million) by placing just over 3.571 billion shares at a price of 0.014 pence per share, representing a 20% discount to the closing mid-price on 13 August 2025.

CMC Markets UK, trading as CMC CapX, acted as the company’s placing agent in respect of the raise.

The proceeds will be primarily used to progress the development of Oracle’s projects in Australia, as well as supporting the advancement of the projects in Pakistan.

Application will be made for placing the shares to be admitted to trading on AIM, which is expected to become effective on 20 August.

Oracle CEO Naheed Memon says the company is progressing well with its projects in Australia and moving ahead with the development of our energy projects in Pakistan.

“This fundraise will provide us with additional funds to accelerate development activities,” the CEO says.

Write to Adam Orlando at Mining.com.au

Images: Oracle
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Written By Adam Orlando
Mining.com.au Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.

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