RE: Rns out31 May 2022 08:17
Rest of RNS
Commenting, John Potter, CEO of TomCo, said: "We continue to make good progress with our plans for the TSHII site and are pleased with the positive results we have already seen from the three exploration wells. We are also advancing the previously announced due diligence exercise being undertaken by a potential financing party currently interested in backing our plans for Greenfield, together with other matters in relation to the TSHII site.
"The Company's Board has recently undertaken a site visit to Utah and met with the Valkor team and our sand off-take partner. Whilst in Salt Lake City the Board also met with the Company's local professional advisers and were able to view some of the cores recovered from the exploration wells, which are being stored at the Utah Geological Society's core store. We look forward to providing further updates in due course."