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Tower Resources PLC (AIM:TRP, FRA:ULF1), the oil and gas company focused on Africa, has received formal approval from Namibia's Ministry of Industries, Mines and Energy for the farm-out of its PEL96 licence offshore Namibia to Prime Global Energies. The approval clears the only outstanding condition precedent under the farm-out contract, which was first announced in January 2025.

Tower Resources PLC (AIM:TRP, FRA:ULF1), the oil and gas company focused on Africa, said it had raised £400,000 to bolster working capital while it waits on government approvals for two farm-out deals. The subscription was priced at 0.016p a share, a discount of about 6% to the closing bid price on 23 June,.

Vancouver, British Columbia--(Newsfile Corp. - June 16, 2026) - Tower Resources Ltd. (TSXV: TWR) ("Tower" or the "Company") announces it intends to complete a non-brokered private placement (the "Offering") consisting of up to 6,000,000 flow-through common shares (the "FT Shares") at a price of $0.18 per FT Share and up to 4,000,000 units (the "Units") at a price of $0.16 per Unit for aggregate gross proceeds of up…

Tower Resources PLC (AIM:TRP, FRA:ULF1) said it remains confident that the company and its investors "will reap the benefits of patience", as the small-cap continues to await approvals on farm-outs designed to fund work in Cameroon and Namibia. At the same time, Tower noted that 2026 had begun with a positive period for oil prices, and it has undertaken a considerable amount of work to ensure that once approvals…