Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
04 January 2023
Corcel, the natural resource exploration and development company with interests in battery metals, including nickel, cobalt and rare earth elements, announces that it has entered into a farm-out and joint venture agreement with Riversgold Ltd (ASX:RGL) covering its recently acquired rare earth elements project at Mt. Weld, in Laverton, Australia.
Highlights
o AUD 30,000 in cash immediately payable to Corcel
o RGL earns a 50% interest in the project through paying 100% of the work programme, spending AUD 500,000 over a 12-month period
o CRCL has the right, but not the obligation, to allow the farm-in of a further 20% for an additional AUD 1,000,000 carry on the work programme bringing total carried expenditure to AUD 1,500,000
o RGL will operate the tenements and direct the exploration programme on behalf of Corcel
Chief Executive Officer, Scott Kaintz commented: "We are delighted to follow directly our acquisition of Mt. Weld with a farm out of half of the position to fund 100% of the near-term development and exploration costs. This is highly accretive against our acquisition cost and further reinforces the Board's view of the project's immediate potential upside and overall attractiveness.
Our partner, Riversgold Ltd, brings with them an experienced exploration team well positioned to lead the work on the ground in Australia. We look forward to working with them in 2023 to take the project forward."
Probably the latter.
Wearing my cynical hat, some thoughts.
The board are obviously aware that they have taken pasting on the boards for some time now so how convenient to release good news to blunt the potential criticisms at the AGM.
If the Weld deal is so good, why haven't the other much larger companies operating in the area taken the opportunity that Corcel has taken?
If it looks like a fish and smells like a fish .....!? You fill in the dots to suit your opinion.
Let the feeding frenzy of opposite opinions commence. I'm wearing a bullet proof vest.
EoA , you've done your ramping and it's getting more than a touch tedious, repetitive and very boring
I don't remember seeing you post on this board before and suspect you are doing it for some ulterior motive. in my personal experience, anything to do with DL usually turns out to be a disaster.
To put it politely, get lost!
Thanks Jim
Somebody posted a list of the companies that JP is currently either the chairman or a director all of which had declining share prices.
Could they please post it again? Thanks in advance.
mcfcnige
I think it is just another incident of them giving us the mushroom treatment. Keep them in the dark and through bovine manure all over them.
If anyone thinks that's unfair, my comment is made against the background of past history,
'Nuff said.
"Corcel Plc (London AIM: CRCL), the natural resource exploration and development company, with interests in battery metals and flexible energy generation and storage, announces that it has sold it's 40% interest in the Tring Road 50MW gas peaking project outside of Aylesbury to Terra Firma Ltd. The Company has agreed a sales price of £317,946, with £121,146 to be paid immediately and a further £196,800 at completion. The Company intends to use these funds, once received, to further reduce its recently restructured debt, as announced on 31 October 2022.
For the year ended 31 July 2021 the losses attributable to the asset were £425 and the investment was held in the Company's interim accounts balance sheet at £400,000 on 31 December 2021.
Scott Kaintz, CEO of Corcel commented:
"The disposal of the Tring Road Gas peaking project and the MOU in respect of the restructuring of the Company's PNG based battery metal interests through the proposed Singaporean joint venture with NPC announced in October, are significant milestones in the ongoing transformation of Corcel's business interests. We look forward to announcing further developments of these efforts in due course."
Scott Kaintz, CEO of Corcel commented:
"The disposal of the Tring Road Gas peaking project and the MOU in respect of the restructuring of the Company's PNG based battery metal interests through the proposed Singaporean joint venture with NPC announced in October, are significant milestones in the ongoing transformation of Corcel's business interests. We look forward to announcing further developments of these efforts in due course."
"Amur Minerals Corporation ("Amur" or the "Company") takes this opportunity to update shareholders on the status of the Company's disposal of its AO Kun-Manie wholly owned subsidiary to Bering Metals LLC (the "Buyer"), a Russian incorporated company. Totaling US$35 million, the transaction was anticipated for completion in early November 2022.
However Western introduced restrictions related to the international transfer of funds from the Russian Federation have become more restrictive with time. Mainstream international banks are severely restricting or are no longer allowing such transactions per their internal compliance protocols. This includes the Company's bank which has necessitated establishing alternative banking services. The Buyer and the Company are coordinating efforts to establish a fully compliant fund transfer allowing for completion.
Robin Young, CEO of Amur, commented:
"Amur and Bering are keen to complete the sale of AO Kun-Manie as soon as possible. The majority of our efforts are focused on establishing a chain of custody for the fund transfer which is fully compliant with the current geopolitical situation. We look forward to updating shareholders once the banking restrictions are successfully solved. With regard to timing, this is dependent upon banking institutions completion of their Know Your Client ("KYC") protocols."
Why?
"26 October 2022
Further to the announcement of 25 October 2022 regarding the subscription by Shandong New Power COSMO AMT ("NPC"), the Company confirms that the placing funds have now been received and the fundraising has been completed."
Yep, that just about sums up that bag of foul air!
Dicko, I agree with your post at 17.09 yesterday. They are all bye byes.
Dicko are you still saying that the trades at .035 are buys?
Dicko, given the spread of .035 - .040 and a mid price of .0375 shown on LSE's prices, why do you say they were "buys'?
Dicko, given the spread of .035 - .040 and a mid price of .0375 shown on LSE's prices, why do you say they were "buys'?
Apologies. Wrong thread!
MOU Highlights:
o Intended creation of a Singapore based upstream Battery Metal joint venture which will, subject to contract, own CRCL's position in the Mambare and Wowo Gap projects alongside the Doncella lithium project in Argentina
o Corcel intends to own 50% of the proposed JV, benefit from a $1.5m carried interest and a 1.5% gross revenue royalty on Wowo Gap and nominate half of the Board of the JV - It is the intention of the parties to list the JV in Singapore in the medium term
o Introduction of a new cornerstone investor with Corcel plc Board representation as part of a fundraising of £200,000 at a price of £0.004 (no discount to the closing price) with 1 for 1 warrants exercisable at £0.005 per share
James Parsons, Executive Chairman, commented: "I am delighted to welcome Mr Yan Zhao to the Board and to the shareholder register. We believe this proposed PNG restructuring, with its associated carry, and an ultimate Singapore listing, is the best way to bulk up and ultimately unlock the significant value in our battery metals portfolio."
Proposed Battery Metals Joint Venture, New Cornerstone Investor, Placing, and TVR
The feeding frenzy has started!