Latest Oman News

BrainChip Holdings advanced its neuromorphic AI technology through significant contracts with the Swedish National Space Agency and the U.S. Air Force, while exploring a potential redomiciling to the US. The company reported steady cash outflows and ongoing strategic partnerships.

Alara Resources reports a marked increase in copper production at its Wash-hi-Majaza mine in Oman alongside encouraging early exploration results from the Block 8 concession, signaling potential growth in its copper-gold portfolio.

Kore Potash has signed a landmark $1.929 billion fixed-price EPC contract for its Kola Potash Project, reinforcing its strategy to become a low-cost producer. The company is now awaiting a financing proposal from the Summit Consortium expected by February 2025.

Alara Resources reports significant copper mineralisation discoveries in Oman’s Block 8, with initial assays revealing grades up to 4.46% Cu, setting the stage for intensified exploration alongside Power Metal Resources.

OncoSil Medical has secured new distribution agreements across key international markets and achieved critical regulatory milestones, while raising $8 million to fuel its growth in pancreatic cancer treatment.

The Australian Takeovers Panel has declared unacceptable circumstances in Alara Resources Limited's recent rights issue, citing inadequate disclosure and potential control issues involving Al Tasnim Infrastructure LLC. The company faces a costs order and must reassess its fundraising approach.