Energy company Zenith Energy has conducted directed share issues to institutional investors in the United Kingdom and Norway, thereby raising approximately GBP 3.7 million, equivalent to approximately NOK 49 million. In total, just over 100.9 million new shares are being issued.The share issue in Norway comprised 84.2 million shares at a price of NOK 0.4662 per share, and in the United Kingdom 13.5 million shares were issued at a price of GBP 0.0333 per share. The discount was 10 percent versus the respective closing price. The company has also issued so-called broker-shares in the United Kingdom, which raised approximately NOK 1.5 million.The proceeds will finance Italian uranium projects, solar construction in Puglia, legal costs in a dispute with Tunisia, and general working capital."The first six months of 2026 will be characterized by potentially transformative activities for our business, with the submission of two separate environmental impact assessments for the two largest uranium deposits in Italy, the start of construction of our first solar energy facility in the Puglia region in Italy, as well as the final hearing in the ICSID arbitration at the end of April for a total claim amount exceeding approximately USD 572.65 million", says CEO Andrea Cattaneo in a comment.