14th May 2025 21:54
Versarien PLC - Gloucestershire, England-based advanced materials engineering group - raises GBP425,000 via placing at 0.0275 pence per share. Net proceeds will be used for general corporate purposes and to acquire a mortar mixing plant as the company seeks to scale the production of optimised low-carbon 3D construction printing mortars it has been developing to meet ongoing project commitments. In addition, Versarien says it remains in advanced discussions with the strategic investor referred to in March. Additionally, the company remains active in the marketing of Total Carbide and is progressing discussions with interested parties.
Current stock price: 0.030 pence, down 25% in London on Wednesday
12-month change: down 67%
By Jeremy Cutler, Alliance News reporter
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