Corcel Share News (CRCL)

Corcel says exploration work begins at its KON-11 block

(Alliance News) - Corcel PLC on Friday said exploration work has commenced at its 20% owned Block KON-11 in Angola.

Corcel announces start of work in Angola's Kwanza Basin

(Sharecast News) - Oil and gas company Corcel announced the start of preparatory work for drilling and appraisal activities on Block KON-11 on Friday, in the Kwanza Basin of Angola.

IN BRIEF: Corcel CEO James Parsons resigns amid company transition

Corcel PLC - London-based mining and mineral resource development company with interests in Angola and Brazil - Chief Executive Officer James Parsons has decided to step down as part of the company's previously announced transition. Parsons will continue to assist Corcel in an advisory capacity during his notice period. Non-Executive Chair Antoine Karam has been named interim executive chair while Corcel reviews its board composition.

IN BRIEF: Corcel makes payment for Angola oil blocks as funds arrive

Corcel PLC - battery metals mining and oil and gas in Brazil and Angola - Makes required USD821,000 payment of risk service contract signature bonuses to Agencia Nacional de Petroleo, Gas e Biocombustiveis in Angola for Corcel's three oil block licenses there. The contracts relate to Corcel's acquisition last month of a 90% interest in Atlas Petroleum Exploration Worldwide Ltd. The Atlas Petroleum portfolio has three main licenses - KON-11, KON-12 and KON-16 - containing 21 historical wells in total.

TRADING UPDATES: Hamak Gold raises GBP350,000 for Liberia drilling

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

IN BRIEF: Corcel names Chair James Parsons as CEO; Kaintz becomes CFO

Corcel PLC - Australia, Papua New Guinea and Canada-focused mining and mineral resource development company - Names Chair James Parsons to chief executive officer and executive director, effective immediately. He will be replacing CEO Scott Kaintz, who will assume role as chief financial officer, but will step down from board with immediate effect. Meanwhile, non-executive director Antoine Karam will take on role of non-executive chair. Karam is 45% shareholder in Extraction Srl, which holds 13% stake in Corcel. Extraction stake to rise to just under 21% once Corcel placing is completed.

Corcel reports positive preliminary results from Mt Weld drilling

(Sharecast News) - Corcel revealed the preliminary drilling outcomes from its joint venture with Riversgold at the Mt Weld rare earth elements (REE) project on Tuesday.

Corcel sells interest in Wowo Gap nickel project in Papua New Guinea

(Alliance News) - Corcel PLC on Monday said it has sold its entire 100% interest in the Wowo Gap nickel project in Papua New Guinea to Integrated Battery Metals Pte Ltd.

IN BRIEF: Corcel completes acquisition of 90% stake in Atlas Petroleum

Corcel PLC - Australia, Papua New Guinea and Canada-focused mining and mineral resource development company - Completes the acquisition of its 90% interest in Atlas Petroleum Exploration Worldwide Ltd following the signing of risk service contracts in Angola. The Atlas Petroleum portfolio has three main interests: KON-11, KON-12 and KON-16. These licences contain 21 historical wells in total.

Corcel acquires 90% of Atlas Petroleum for GBP800,000, paid in shares

(Alliance News) - Corcel PLC on Wednesday said it has signed a deal to acquire 90% interest in Atlas Petroleum Exploration Worldwide Ltd.

IN BRIEF: Corcel's joint venture partner begins drilling in Australia

Corcel PLC - Pupa New Guinea, Canada, UK and Australia-focused exploration and development company, with interests in battery metals including nickel, cobalt, and rare earth elements - On Tuesday, says its joint venture partner, Riversgold Ltd, has begun a drill campaign at the Mt Weld rare earth elements project in Western Australia. The programme will test three discrete magnetic anomalies that may represent extension of the Mt Weld carbonatite intrusive complex, the company says.

IN BRIEF: Corcel announces partial sale of Mount Weld to shareholder

Corcel PLC - London-based mining and mineral resource development company - Sells 20% interest in its Mount Weld rare earth element project to shareholder Extraction Srl for AUD1.0 million, or GBP533,805. Extraction currently holds a 9.6% interest in Corcel.

Corcel completes first tranche of cornerstone investor placing

(Alliance News) - Corcel PLC announced on Wednesday that it has achieved its initial fundraising objective, and that shares will be admitted to trading on Thursday.

UK shareholder meetings calendar - next 7 days

IN BRIEF: Corcel says partner exercising buy-out rights for Mambare

Corcel PLC - Extractive industries exploration and development company - Says it has been notified by Battery Metals Pty Ltd, its partner on the Mambare licence, of its intention to exercise its pre-emption rights and buy out Corcel's 41% interest in the nickel-cobalt project for an equivalent cash consideration to the battery metals joint venture announced March 1.