GCM Resources Share News (GCM)

GCM Resources Information

Buy GCM Shares
Add GCM to Watchlist
Add GCM to Alert

Share Price Information for GCM Resources (GCM)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 7.375

Bid: 7.25

Ask: 7.50

Change: 0.575 (8.46%)

Spread: 0.25 (3.448%)

Open: 6.875

High: 7.375

Low: 7.00

Prev. Close: 6.80

Last checked at -

GCM Resources Signs Deal With PowerChina To Develop Mine In Bangladesh

Tue, 27th Nov 2018 10:59

LONDON (Alliance News) - GCM Resources PLC on Tuesday said it has partnered with Power Construction Corp Of China Ltd to develop a coal mine and electricity plant in Bangladesh.

GCM Resources shares were trading 40% higher on Tuesday at 16.50 pence each in London.

The AIM-listed mining and energy company company said it plans to construct a power plant, generating up to 4,000 megawatts of electricity, at the mine site in Phulbari, Bangladesh.

Engineering construction firm PowerChina will undertake feasibility and viability studies of the integrated coal mine and power plant.

"GCM's strategy is to present a holistic power solution to the government of Bangladesh which can generate 6,000 megawatts for the country," said Executive Chairman Datuk Tang.

"We are confident that the Phulbari coal & power project will deliver substantial benefits for the government, the people of Bangladesh and our shareholders," added Tang.

More News

16 Apr 2024 13:25

GCM Resources raises GBP2.0 million via direct subscription

(Alliance News) - GCM Resources PLC on Tuesday said that it has raised GBP2.0 million via a subscription of 30.8 million shares at 6.5 pence each.

2 Apr 2024 12:17

EARNINGS: AdvancedAdvT hails "good progress" after Capita deal

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

11 Mar 2024 10:12

AIM WINNERS & LOSERS: LoopUp plots AIM exit; Zenova hails marine win

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

11 Mar 2024 09:41

GCM Resources shares surge on Phulbari coal and power project deal

(Alliance News) - GCM Resources PLC shares jumped on Monday after it said it signed a deal covering mine development works worth around USD1 billion to facilitate coal extraction at the Phulbari coal and power project in Bangladesh.

28 Feb 2024 20:33

IN BRIEF: GCM identifies target for new non-exec chair

GCM Resources PLC - London-based mining and energy company - Further to the recent resignation of its non-executive chair, GCM says it has identified candidates for a replacement plus a further non-executive director. Plans to conduct due diligence checks, hopes to announce the replacements once these checks are concluded.

2 Feb 2024 14:35

GCM Resources chair to resign after largest shareholder request

(Alliance News) - GCM Resources PLC on Friday said that Chair Christian Taylor-Wilkinson will resign from his role at the end of the month, after the company's largest shareholder proposed to remove him from the board of directors.

1 Feb 2024 18:47

TRADING UPDATES: Live Co stalls results; GCM requests suspension lift

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

29 Jan 2024 18:14

IN BRIEF: GCM Resources pretax loss narrows, expenses decline

GCM Resources PLC - London-based mining and energy company - Reports pretax loss in year to June 30, 2023 of GBP1.3 million, narrowed from GBP1.7 million the year prior. No revenue. Operating expenses fell to GBP728,000 from GBP750,000, pre-development expenditure tumbled to GBP180,000 from GBP414,000. Basic loss per share was 0.7 pence compared to 1.1p the year before. Shares will remain suspended until the settlement and completion of subscription to raise GBP500,000, previously announced on Friday last.

26 Jan 2024 14:36

IN BRIEF: GCM Resources raises GBP500,000 via direct subscription

GCM Resources PLC - London-based mining and energy company - Raises gross proceeds of GBP500,000 via a direct subscription for shares at 1.65 pence each. The subscription price represents a discount of 38% to the closing price of 2.65p on Thursday. The net proceeds of the fundraise will be used to provide GCM with a source of general working capital to progress its existing projects. Adds that it will need to carry out an additional fundraise before the end of May 2024 to fund its working capital for the next 12 months.

19 Jan 2024 19:33

IN BRIEF: GCM Resources claims progress on funding and annual results

GCM Resources PLC - Resource exploration and development company focused on the Phulbari coal and power project in north-west Bangladesh - Provides update regarding the publication of audited financial statements for the year ended June 30 2023, and the funding process. As of December 28, GCM was still awaiting receipt of GBP300,000 in drawdown funds of loan facility with Polo Resources Ltd. Reports progress on both financial statements and funding process, looks to resolve both issues before the end of January 2024. Will make a further announcement in due course.

28 Dec 2023 13:11

IN BRIEF: GCM Resources shares to be suspended following audit delay

GCM Resources PLC - Resource exploration and development company focused on the Phulbari coal and power project in north-west Bangladesh - On Thursday said that its shares will be temporarily suspended from trading on the AIM market due to a delay in the completion of its financial 2023 audit. The suspension will begin on Tuesday next week. The company says it will be unable to publish the completed audit for the year ended June 30 by the end of December as planned, though it expects to be able to do so within the first three weeks of January once it has completed the necessary funding process. The company is still awaiting the receipt of funds from the drawdown of GBP300,000 of its loan facility with Polo Resources Ltd as announced in March 2021. As a result of this delay, GCM is considering alternative funding.

28 Nov 2023 21:08

Latest Share Chat

GCM Resources Share News (GCM)

Share Price Information for GCM Resources (GCM)

GCM Resources Signs Deal With PowerChina To Develop Mine In Bangladesh

GCM Resources raises GBP2.0 million via direct subscription

EARNINGS: AdvancedAdvT hails "good progress" after Capita deal

AIM WINNERS & LOSERS: LoopUp plots AIM exit; Zenova hails marine win

GCM Resources shares surge on Phulbari coal and power project deal

IN BRIEF: GCM identifies target for new non-exec chair

GCM Resources chair to resign after largest shareholder request

TRADING UPDATES: Live Co stalls results; GCM requests suspension lift

IN BRIEF: GCM Resources pretax loss narrows, expenses decline

IN BRIEF: GCM Resources raises GBP500,000 via direct subscription

IN BRIEF: GCM Resources claims progress on funding and annual results

IN BRIEF: GCM Resources shares to be suspended following audit delay

TRADING UPDATES: Tintra seeks cancelling shares; GCM extends accord

GCM non-executive chair steps down due to "personal reasons"

AIM WINNERS & LOSERS: Aptamer soars on Alzheimer's test success

GCM Resources shares drop on discounted GBP500,000 placing

Latest Share Chat

GCM Resources Share News (GCM)

Share Price Information for GCM Resources (GCM)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

GCM Resources Signs Deal With PowerChina To Develop Mine In Bangladesh

Login to your account

Quickpicks are a member only feature

Login to your account