New Risk • Apr 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (UK£10.9m market cap, or US$14.7m). New Risk • Feb 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (9.6% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (UK£8.50m market cap, or US$11.6m). New Risk • Feb 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (UK£10.2m market cap, or US$14.0m). Tillkännagivande • Jan 30
Tower Resources plc has filed a Follow-on Equity Offering in the amount of £37.5 million. Tower Resources plc has filed a Follow-on Equity Offering in the amount of £37.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,704,545,454
Price\Range: £0.022 Tillkännagivande • Nov 18
Tower Resources plc has filed a Follow-on Equity Offering in the amount of £0.28 million. Tower Resources plc has filed a Follow-on Equity Offering in the amount of £0.28 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,000,000,000
Price\Range: £0.00028 New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Shareholders have been substantially diluted in the past year (76% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£7.33m market cap, or US$9.74m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Tillkännagivande • Mar 27
Tower Resources plc announced that it expects to receive £0.5 million in funding Tower Resources plc announced a private placement of an unsecured fixed-price convertible bridge loan for the gross proceeds of £500,000 on March 26, 2025. The loans will have an interest rate of 15% and will be convertible at a conversion price of £0.05588. The transaction will include participation from Prime Resources Limited. The Company has agreed a fixed-price convertible loan of £500,000 with PR, with a duration of up to 12 months. New Risk • Mar 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Shareholders have been substantially diluted in the past year (104% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (UK£8.65m market cap, or US$11.2m). Tillkännagivande • Nov 27
Tower Resources plc has completed a Follow-on Equity Offering in the amount of £0.275 million. Tower Resources plc has completed a Follow-on Equity Offering in the amount of £0.275 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,018,518,519
Price\Range: £0.00027
Transaction Features: Subsequent Direct Listing Tillkännagivande • Nov 12
Tower Resources plc has filed a Follow-on Equity Offering in the amount of £0.275 million. Tower Resources plc has filed a Follow-on Equity Offering in the amount of £0.275 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,018,518,519
Price\Range: £0.00027
Transaction Features: Subsequent Direct Listing Tillkännagivande • Jun 22
Tower Resources plc, Annual General Meeting, Jul 18, 2024 Tower Resources plc, Annual General Meeting, Jul 18, 2024. Location: the royal society of arts, 8 john adam street, wc2n 6ez, london United Kingdom Price Target Changed • Jun 19
Price target increased by 100% to UK£0.0012 Up from UK£0.0006, the current price target is provided by 1 analyst. New target price is 900% above last closing price of UK£0.00012. Stock is down 70% over the past year. The company posted a net loss per share of US$0.00007 last year. Board Change • Jun 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Mark Enfield was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 25
Tower Resources plc Provides Cameroon Rig Update Tower Resources plc noted that further to the Rig contract announced on 18 December 2023, Borr Drilling Limited, has advised that it has extended its commitment of the Norve jack-up rig to BW Energy to October 2024. The Company still intends to drill the NJOM-3 well with Borr this year and is working with Borr on the timing in light of the situation with BW Energy. The Company will update investors when this process is finalised. New Risk • Apr 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Shareholders have been substantially diluted in the past year (333% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£3.33m market cap, or US$4.14m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Tillkännagivande • Mar 09
Tower Resources plc has completed a Follow-on Equity Offering in the amount of £0.6 million. Tower Resources plc has completed a Follow-on Equity Offering in the amount of £0.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,045,833,333
Price\Range: £0.00018
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,287,500,000
Price\Range: £0.00018
Transaction Features: Subsequent Direct Listing Tillkännagivande • Feb 16
Tower Resources plc has filed a Follow-on Equity Offering in the amount of £0.6 million. Tower Resources plc has filed a Follow-on Equity Offering in the amount of £0.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,045,833,333
Price\Range: £0.00018
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,287,500,000
Price\Range: £0.00018
Transaction Features: Subsequent Direct Listing New Risk • Jan 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Shareholders have been substantially diluted in the past year (245% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£2.45m market cap, or US$3.11m). Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Mark Enfield was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Dec 19
Tower Resources plc has completed a Follow-on Equity Offering in the amount of £0.6 million. Tower Resources plc has completed a Follow-on Equity Offering in the amount of £0.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,000,000,000
Price\Range: £0.0002
Transaction Features: Subsequent Direct Listing New Risk • Dec 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$3.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.6m free cash flow). Shareholders have been substantially diluted in the past year (156% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (UK£2.55m market cap, or US$3.21m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Tillkännagivande • Jun 24
Tower Resources plc, Annual General Meeting, Jul 17, 2023 Tower Resources plc, Annual General Meeting, Jul 17, 2023, at 12:30 Coordinated Universal Time. Location: Royal Society of Arts, 8 John Adam Street, London WC2N 6EZ London United Kingdom Tillkännagivande • Jan 17
Tower Resources plc has completed a Follow-on Equity Offering in the amount of £0.2952 million. Tower Resources plc has completed a Follow-on Equity Offering in the amount of £0.2952 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 82,000,000
Price\Range: £0.0036
Transaction Features: Subsequent Direct Listing 
