Ascent Resources

An international arbitral tribunal unanimously dismissed all claims by Ascent Resources and Ascent Slovenia against the Republic of Slovenia. The dispute concerned regulatory measures around the Petišovci oil and gas field, including the 2022 ban on hydraulic stimulation. Ascent and its subsidiary were ordered to cover €3 million in procedural costs for the defendant; the arbitration award is final and binding. The company is reviewing the full award and will inform shareholders. » More on de.investing.com

Ascent Resources will receive a gross smelter licence royalty of 2.5% to 3.5% on gross revenues from lithium and potash products from the Utah-Brine project, whose exploration target has been defined by Neometals. The exact rate depends on the timing of the final investment decision. In addition, Ascent received 4,900,000 unlisted options on Neometals shares at 10 cents each with a three-year exercise period. Ascent emphasises that the agreement provides exposure to potential future commercial production without capital expenditure or operational risk and will monitor further test work and resource definition. » More on de.investing.com

AgEagle has integrated its multispectral camera MicaSense RedEdge‑P into Ascent’s coaxial VTOL drones SPIRIT and SPARTAN; the combined solution is available to order immediately and is NDAA‑compliant. The integration follows a strategic cooperation announced in May and targets precision agriculture, environmental monitoring and research applications. Ascent platforms feature a cylindrical coaxial design with IP56 weather protection; AgEagle highlights its strong gross margin (52%) and additional product and market progress, including market entries and certifications. » More on de.investing.com