Gunsynd PLC - London-based company investing in companies and projects within the natural resources, life sciences and beverage sectors - Says that its investee, Aberdeen Minerals Ltd, has been awarded GBP294,000 in grant funding by the UK government through the Automotive Transformation Fund. Aberdeen expects that the grant will meet 70% of the cost of a feasibility study into mineral processing methods at its Arthrath nickel-copper-cobalt project in Aberdeenshire, Scotland. The study will look at whether it's possible to speed up the production of cathode raw materials for UK battery manufacturing, using more environmentally sustainable and socially acceptable approaches than the ones currently used in the UK. The ATF grant is part of a broader package of funding announced by APC.
Gunsynd subscribed for 2.0 million shares at 7.5 pence per share for a total consideration of GBP150,000 as part of the fundraising announced on January 16.
Current stock price: 0.25p
12-month change: up 0.8%
By Holly Beveridge, Alliance News reporter
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Gunsynd (GUN)