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Pilot Energy Secures $3.44M to Advance Cliff Head and Carbon Capture Plans

10:32am on Wednesday 28th of January, 2026 AEDT Energy
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Pilot Energy Secures $3.44M to Advance Cliff Head and Carbon Capture Plans

10:32am on Wednesday 28th of January, 2026 AEDT
Key Points
  • Placement raised $3.44 million at $0.0036 per share, a 10% discount
  • Funds allocated to Cliff Head operations, Capture 6 Direct Air Capture, and corporate costs
  • Placement oversubscribed with strong institutional and director support
  • Shareholder approval sought for director participation and option issuances
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