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Wednesday, August 5, 2026

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Interesting Company News Today

Helleniq Energy Holdings: 2Q/1H 2026 Financial Results

(LSE:HLPD) HELLENiQ ENERGY Holdings S.A. reported Adjusted EBITDA of €442m in 2Q26 and €734m in 1H26, with Adjusted Net Income at €253m for 2Q26 and €393m for 1H26. Total investments reached €226m in 2Q26 and €407m in 1H26, including more than €130m directed to RES projects in 1H26. Net debt was reduced to €1.97bn, down by approximately €0.7bn quarter-on-quarter, and includes approximately €0.4bn of project finance related to renewable energy investments. Refinery production reached 3.5m MT in 2Q26, with sales volume at 3.8m MT and exports at 1.7m MT, representing 48% of total product sales volume. The company signed an agreement with Chevron for its 70% participation in the offshore Block 10 concession in the Southern Ionian Sea, expanding their partnership to five offshore exploration blocks in Greece. The Board of Directors approved a special donation of €25m to support areas affected by wildfires in Greece, and a temporary price discount initiative for fuel is expected to exceed the initially announced estimate of €20m. The company projects that within 3Q26, new PV and battery storage projects with a combined capacity of 250 MW are expected to become operational, increasing installed RES capacity to more than 800 MW.

VAALCO Energy Provides Operational Update for Ongoing Drilling Program in Offshore Gabon

(NYSE: EGY, LSE: EGY) VAALCO Energy, Inc. announced operational updates in offshore Gabon, including the successful drilling, completion, and production placement of the ETBNM-3 gas-supply well in the crestal portion of the North Tchibala structure from the Dentale D-15 reservoir. Reservoir properties were above pre-drill estimates, with strong porosity and permeability and over 10 meters of net reservoir pay. The ETBNM-3 well provides sufficient gas supply for field operations, liftings, and power needs, significantly reducing the costs of higher priced diesel. Evaluation is ongoing to assess the potential of the shallower pay intervals encountered in the D-9 and D-12 intervals, which appear to contain wet gas to light oil pay. The drilling campaign continued by moving the rig on 27th July to a new slot on the SEENT platform to drill the ETSEM-3PH pilot hole and development well. The pilot well is designed to test the original field Oil Water Contact and potential of the underlying Dentale formation, with a subsequent horizontal development well planned with a completion length of 300 meters within the Gamba sands. Vaalco, founded in 1985 and incorporated under the laws of Delaware, is based in Houston, Texas, USA, with a diverse portfolio of production, development, and exploration assets across Gabon, Egypt, Côte d'Ivoire, and Equatorial Guinea.

Gran Tierra Energy Announces Agreement to Sell Its Colombia and Ecuador Business to Maurel & Prom and Reposition the Company for Fully Financed Growth

(TSX:GTE, LSE:GTE) Gran Tierra Energy Inc. announced it has entered into a definitive agreement to sell its oil business in Colombia and Ecuador to Établissements Maurel & Prom S.A. for a total consideration of $1.33 billion. The purchaser will assume substantially all of Gran Tierra’s net liabilities, and Gran Tierra expects to have total net cash proceeds of approximately $315 million, including approximately $250 million in cash at closing and a $65 million unsecured note payable 364 days after closing. The divested business represents approximately 29,000 barrels of oil per day of first half 2026 average working-interest production, approximately 144 million barrels of proved-plus-probable (2P) reserves, and approximately 1.4 million gross acres across Colombia and Ecuador. Gran Tierra estimates a pro-forma proved-developed-producing (PDP) net asset value (NPV10 BT) of approximately $12.49 per share (fully diluted), representing a premium of approximately 83% to its 20-day volume weighted average price of $6.82 per share. The transaction is targeted to close on or about December 31, 2026, with an economic effective date of March 31, 2026, and is subject to stockholder and regulatory approvals. The company projects to be debt-free with significant liquidity, including an undrawn $75 million (CAD) credit facility, and plans to return capital to stockholders through a share repurchase, with the structure, size, and terms to be determined by the Board of Directors.

Gran Tierra Energy Reports Second Quarter 2026 Results

(TSX:GTE, LSE:GTE) Gran Tierra Energy Inc. announced its financial and operating results for the quarter ended June 30, 2026, reporting total average working interest production of 41,501 BOEPD, net income of $25 million, adjusted EBITDA of $85 million, and positive free cash flow of approximately $6.0 million. The company completed a disposition of Lodgepole assets for C$12.8 million (US$9.3 million) and finished its $123.0 million capital carry commitment under the Suroriente joint venture with Ecopetrol S.A. Gran Tierra generated sales of $187 million, had a cash balance of $127 million, total gross debt of $606 million, and net debt of $479 million as of June 30, 2026. Capital expenditures for the quarter were $54 million, and the company repurchased $9.2 million in face value of its 9.75% Senior Notes due April 15, 2031, at a discount of 12%, with an additional $15.0 million repurchased after the quarter at a 10% discount. The company received government approval of three additional field development plans in Ecuador, bringing total approvals to five of six fields, and completed a six-well development drilling program at the Cohembi field in Colombia. Gran Tierra holds approximately 139 net sections in the Clearwater area and 30 net sections at Mount Head in Canada, with unrisked best estimate contingent resources (2C) of approximately 6.5 MMbbl at Dawson Clearwater, and unrisked best-estimate prospective resources (P50) of approximately 55 MMbbl at Dawson Clearwater and 12 MMbbl at Mount Head. The company projects capital expenditures to be within previously stated guidance and plans to focus drilling activity in Dawson Clearwater and Mount Head in 2027.

Pampa Energía Announces Six-month Period and Second Quarter 2026 Results

(NYSE: PAM) Pampa Energía S.A. announced its results for the semester and quarter ended on June 30, 2026, reporting sales of US$746 million in Q2 26, up 53% year-on-year. Oil and gas production reached 107.5 kboe/day in Q2 26, a 28% increase from Q2 25, with crude oil production at 23.4 kbpd, up 194%. Adjusted EBITDA totaled US$415 million, a 75% year-on-year increase, and net income attributable to shareholders was US$172 million, 4.3x Q2 25. Net debt stood at US$1.3 billion as of June 2026, compared to US$801 million as of December 2025, reflecting higher capital expenditures on RDA and increased collateral requirements due to oil hedging. Power generation reached 5,363 GWh, up 14% year-on-year, and the average gas price was US$4.6/MBTU, up 15%. The company projects continued ramp-up at Rincón de Aranda and ongoing strong power generation performance.

National Energy Services Reunited Secures $300 Million in Multiple Services & Technology Contracts in Kuwait

(NASDAQ:NESR) National Energy Services Reunited Corp. announced multiple contract awards in Kuwait, totaling $300 million over five years. The awards cover both Production Services and Drilling & Evaluation segments and include a Master Technology Agreement ("MTA") to deploy NESR's Open Technology Platform through the Company's in-country research hub. NESR will pioneer innovation and bring best-in-class technologies from around the world, tailoring them to the upstream ecosystem in Kuwait. The company is building a one-of-a-kind research center focused on challenge-specific innovations in upstream, sustainability, and unconventional resources. NESR also received its first Joint Operations intervention contract and a surface Well Testing contract with KOC. The company has over 7,000 employees, representing more than 60 nationalities in 16 countries. NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions.

Utah Backs Anson Resources’ Green River Lithium Development With Proposed US$357.7m Incentive

(ASX: ASN) Anson Resources has received a letter of advice from the Economic Development Corporation of Utah confirming financial support for the company’s Green River lithium project and recognising the contribution it could make to US critical minerals production. The letter outlined US$357.7 million in proposed state and local incentive programs, including US$127.75m of tax reimbursements over 20 years and US$229.9m from the Utah Inland Port Authority’s (UIPA) share of incremental property-tax revenue generated within the project area over 25 years. A subsidy of up to 50% of approved workforce training costs would also be available to Anson, and it would receive assistance in establishing student, apprenticeship, and workforce development pipelines. The final value of the support programs is subject to final terms approved by the relevant government authorities, the level of investment made, assessed property values, and taxes generated by the Green River project. Final determinations are expected in September and approved incentives will be included in the Green River definitive feasibility study to assess their impact on project economics and long-term competitiveness. Anson has also won a bid to acquire new mineral rights immediately beneath the Green River and nearby state parks, comprising eight leases over 4.76 square kilometres, reflecting a 5.4% increase in the project’s total acreage. The wells are separated by approximately 12 kilometres with both having similar geological formations and a similar supersaturated brine composition reported to be “very clean” compared to other lithium-rich brines.

Par Pacific Holdings Reports Second Quarter 2026 Results

(NYSE: PARR) Par Pacific Holdings, Inc. reported net income attributable to Par Pacific stockholders of $462.1 million, or $9.35 per diluted share, for the quarter ended June 30, 2026. Adjusted Net Income attributable to Par Pacific stockholders was $499.2 million, or $10.10 per diluted share, and Adjusted EBITDA was $571.3 million for the second quarter of 2026. The Refining segment reported operating income of $629.9 million and throughput of 181 thousand barrels per day (Mbpd) for the second quarter of 2026. Par Pacific completed a $500 million Senior Unsecured Notes offering, reducing term debt by more than $130 million, and reported total liquidity of $1.4 billion at June 30, 2026. Net cash provided by operations totaled $282.6 million for the three months ended June 30, 2026, including working capital outflows of $(312.2) million and deferred turnaround expenditures of $(19.5) million. The company projects a substantial portion of these working capital outflows to reverse as commodity prices normalize and Hawaii inventory returns to more typical levels following the turnaround. Par Pacific owns and operates 219,000 bpd of combined refining capacity across four locations in Hawaii, the Pacific Northwest and the Rockies, and an extensive energy infrastructure network, including 13 million barrels of storage.

Azincourt Energy Options High-Grade Sylvia Lake Uranium Project in Labrador

(TSXV: AAZ) (OTCQB: AZURF) Azincourt Energy Corp. has entered into a definitive property option agreement to acquire a one-hundred percent interest in two mineral claim block licences known as the Sylvia Lake Uranium Project. The project covers approximately 6,725 hectares and includes two mineral licences, #040160M and #040178M, located approximately 100 kilometres northwest of Happy Valley-Goose Bay, Labrador. Historical grab samples at Sylvia Lake have reported up to 2.72% U₃O₈, with additional results of 0.98% U₃O₈ and 0.62% U₃O₈, and historical trenching and drilling have confirmed uranium mineralization with results such as 2.0 metres grading 0.243% U₃O₈ and 0.30 metres grading 0.237% U₃O₈. The option terms require Azincourt to pay $12,000 in cash, issue 15,000,000 common shares, and incur $250,000 in exploration expenditures over 24 months. The company also announced a non-brokered private placement for aggregate gross proceeds of up to approximately $600,000, consisting of up to 8,888,888 flow-through units at $0.045 per unit and up to 4,444,444 non-flow-through units at $0.045 per unit. The company projects that proceeds from the flow-through units will be used to incur eligible Canadian exploration expenses intended to qualify as "flow-through mining expenditures" under the Income Tax Act (Canada), while proceeds from the non-flow-through units will be used for general and administrative expenses and general working capital purposes. Azincourt has also entered into investor relations and digital marketing agreements with Vectis Capital Inc. for US$150,000 and Fairfax Partners Inc. for CAD$20,000 for an initial six-month campaign, with a maximum annual aggregate of CAD$100,000 for all related activities.

Standard Uranium Closes Final Tranche of Private Placement

(TSXV: STND) (OTCQB: STTDF) Standard Uranium Ltd. has closed the second and final tranche of its non-brokered private placement, raising gross proceeds of $964,700 through the issuance of 9,647,000 units at a price of $0.10 per unit. In the final tranche, the company issued 750,000 units at $0.10 per unit for gross proceeds of $75,000. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at $0.15 for thirty-six (36) months. The company paid finders' fees of $4,500 and issued 45,000 non-transferable share purchase warrants to certain arms-length parties. All securities issued are subject to a statutory hold period until December 5, 2026. The net proceeds will be used for exploration of the company's flagship Davidson River project and for working capital purposes. The company holds interest in over 223,900 acres (90,609 hectares) in the Athabasca Basin in Saskatchewan, Canada.

American Uranium's Lo Herma Resource Reaches 9.96Mlbs as Indicated Resources Grow 72% Prior to Publication of Planned Scoping Study

(ASX: AMU, OTCQB: AMUIF) American Uranium Limited announced an updated Lo Herma Uranium resource that reaches 9.96Mlbs as Indicated Resources grow 72% prior to the publication of a planned scoping study. The company delivered a 72% increase in Indicated Resources to 4.7Mlbs U 3 O 8, significantly enhancing resource confidence and development readiness. The proposed Scoping Study resource base was expanded by 23% to 7.38Mlbs U 3 O 8, and confidence within the Scoping Study footprint was lifted to 54% Indicated, up from 32%. The total Lo Herma Resources increased by 16% to 9.96Mlbs U 3 O 8, and AMU's total mineral resources now stand at 11.62Mlb U 3 O 8 within the state of Uranium. The company completed the 120-hole 2025-26 drilling program, with all results now incorporated into the updated Mineral Resource Estimate. The LoHerma ISR uranium project is located in Wyoming's Powder River Basin and is increasingly comparable to ISR satellite projects in the area such as Ur-Energy's Shirley Basin and Uranium Energy Corp's Luderman. The company also holds highly prospective ISR assets in Wyoming's Great Divide Basin and brownfields conventional uranium/vanadium assets in Utah's Henry Mountains.

Strathmore Prioritizes Agate Project Mineral Resource Development

(CSE: SUU, OTCQB: SUUFF) Strathmore Plus Uranium Corporation announced plans to advance the Agate uranium project in Wyoming's prolific Shirley Basin District. The Agate property consists of 124 wholly owned lode mining claims covering approximately 2,560 acres. Strathmore has completed 294 holes during the 2023-26 drilling programs, including installation of five monitor wells for groundwater studies and recovery of core for chemical assays and XRF analysis at the University of Wyoming. Mineralization at Agate is shallow (20-150 feet), largely below the water table, and is ideally suited for low-cost ISR recovery. The company is progressing the Agate permitting process with the necessary field studies towards the completion and submittal of a Plan of Operation with the US Bureau of Land Management and the Wyoming Department of Environmental Quality. Strathmore has elected to postpone the purely exploratory work at the Beaver Rim project slated to begin this week. The company projects that by concentrating work at Agate, they will be able to advance the property on a potential production path in an accelerated manner.

F4 Uranium Begins Search for Radioactive Boulders at Todd and Wales Lake

(TSXV: FFU) (OTCQB: FFUCF) F4 Uranium Corp. announced the commencement of the first-ever high-resolution airborne radiometric survey over its 100%-owned Todd Lake and Wales Lake Projects in the southwestern Athabasca Basin region of Saskatchewan. The survey will cover approximately 3,850 line kilometres across the two projects and will be completed by RAMP Geological Services Inc. using its proprietary helicopter-borne RAMP-HD radiometric system. F4 Uranium's Wales Lake Project consists of 40,113 hectares and is 100% owned, permitted, and drill ready, while the company's project portfolio comprises 17 wholly owned properties totalling approximately 157,000 hectares. Sonia Graham was appointed as Chief Financial Officer effective August 1, 2026, replacing Jeremy Polmear, and was granted 325,000 restricted share units vesting over three years. The Todd and Wales Lake Projects are located just outside the southwestern Athabasca Basin, within 25 km of Paladin's Triple R and NexGen Energy's Arrow deposits. The company projects that locating new boulders or boulder trains could provide an important exploration vector towards uranium mineralization at source. The airborne survey is the first of its kind over Todd or Wales Lake, and ground prospecting will follow to confirm and sample uranium-bearing boulders.

Cosa Resources Announces Results of Partner Funded Airborne Radiometric Survey at the Aurora Uranium Project, Athabasca Basin, Saskatchewan

(TSXV: COSA) Cosa Resources Corp. reported results of a property-wide airborne radiometric survey at the Aurora project, located in the southeastern Athabasca Basin approximately 16 kilometres east of Cameco's Key Lake Mill and historical Mine. The survey and supporting work were fully funded by Traction Uranium Corp. per the option agreement dated 10 February 2026, under which Traction has the right to earn up to an 80% interest in the Aurora project by sole-funding $9.15 million in exploration expenditures and completing cash and share payments. The high-resolution survey, flown at 50-metre line spacing by Special Projects Inc., identified multiple uranium-source radiometric anomalies and advanced the understanding of basement geology. Aurora covers a 17-kilometre section of the southeastern rim of the Athabasca Basin, with sandstone cover expected to be less than 100 metres thick in the northern third and absent in the remainder. The project is considered drill ready after completion of the July 2026 survey, with a planned fall 2026 follow-up drill program to be 100% funded by Traction. The company projects that drilling at Aurora will follow completion of Cosa's ongoing drilling program at the Murphy Lake North joint venture and planned summer drilling at the Darby joint venture. In January of 2025, Cosa entered a strategic collaboration with Denison Mines that secured access to several additional highly prospective eastern Athabasca uranium exploration projects.

Golden Age Enters Into Definitive Agreement to Acquire Australian Uranium Exploration Portfolio

(CSE: GDN) Golden Age Exploration Ltd. has entered into a definitive share purchase agreement dated July 31, 2026, to acquire 100% of the issued and outstanding shares of Mac Minerals Pty Ltd. for cash payments totaling CA$150,000, the issuance of 6,000,000 common shares, and reimbursement of certain historical expenditures. The agreement includes performance-based milestone payments to the vendors of up to C$3.95 million, plus an additional C$2.0 million for each property on which a uranium resource of at least 30 million pounds is defined. The Hamilton Basin Project covers an area of 10,655sqkm of granted exploration licences in South Australia, while the Algebuckina Project consists of one exploration licence covering 273 km2, and the Yalyirimbi Project includes one granted exploration licence covering 247 km2 and two licences covering 324 km2 in the Northern Territory. The transaction remains subject to acceptance by the CSE, and all securities issued are subject to a statutory hold period of four months and one day. The company is relying on exemptions from the formal valuation and minority approval requirements of MI 61-101, as the fair market value of the transaction does not exceed 25% of the company's market capitalization. The company projects that the flagship Hamilton Basin Project has the potential to develop into a significant roll-front uranium precinct and that the Yalyirimbi Project is prospective for ionic-clay hosted rare earth elements (REE).

Nio Strategic Metals: IGS Study Proposes Innovative and Sustainable Development of Oka Deposit

(TSXV: NIO) (OTCQB: NIOCF) Nio Strategic Metals Inc. announced the results of a metallurgical study on the Oka deposit in Quebec, prepared by IGS Impact Global Solutions for the Centre technologique des résidus industriels (CTRI) as part of the Éléments08 initiative. The study confirmed the strong presence of niobium, phosphate, and other rare metals, and tested 95 samples from historical drill cores of the S60 and HWM2 zones to create a composite sample of the historical resource. Flotation test work on the metallurgical test composite delivered a pyrochlore concentrate grading 52.75% niobium pentoxide (Nb₂O₅) at a niobium recovery of 81.14%, compared to the historical baseline of 44.5% Nb₂O₅ at 71.7% recovery from the 2011 feasibility work. The concentrate also contained 11.75% total rare earth oxide (TREO), with approximately 83% cerium oxide, 9% neodymium oxide, and 3% praseodymium oxide, as well as 1.5% zirconium (2.0% ZrO₂) and 0.4% tantalum (0.49% Ta₂O₅). The study demonstrated the possibility to reduce thorium and uranium contents in residues from 2,000 and 1,000 ppm to 824 and 120 ppm, respectively. The company projects further tests to assess the monetization of phosphate while producing the pyrochlore concentrate and plans to communicate on the results of the CTRI sponsored study on water management and other environmental aspects.

Scotia Metals Announces Resumption of Trading on the CSE

(CSE: SMET) Scotia Metals Corp. announced that, following the completion of its business combination with Scotia Lithium Corp., its common shares will resume trading on the Canadian Securities Exchange on August 4, 2026, under the symbol "SMET". The Company has 45,353,041 Company Shares issued and outstanding. There are up to 6,500,000 Company Shares reserved for issuance upon exercise of 6,500,000 warrants of Scotia Lithium Corp. outstanding, and up to 1,175,000 Company Shares reserved for issuance upon exercise of 1,175,000 options outstanding. The Acadia Project comprises a 100%-owned land package of approximately 1,200 km² across 109 mineral licences, securing over 100 km of prospective lithium pegmatite strike in western Nova Scotia. The project is located along strike from Champlain Mineral Ventures' Brazil Lake Lithium Project and immediately south of the former East Kemptville Tin Mine. The Company states that the area is highly underexplored, with multiple priority targets identified within the Silurian White Rock Formation.

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