RE: Price10 Apr 2024 14:42
The Company will create shareholder value through indirect and direct investments targeting outright acquisitions, and majority or minority interests, in three types of projects:
1. Late-stage development projects, that will be in production within 12 to 18 months and offer additional upside post-production
2. Projects that are currently in production and offer substantial exploration and development upside
3. Projects that offer blue sky growth opportunities that could become company-making mines of the future.
MetalNRG will concentrate on gold and copper projects, alongside other precious and strategic metals, which face high demand due to global macroeconomic, energy transition, and technology trends. The Company's Executive team has reviewed more than 100 projects globally and has now reduced this extensive list to a short-list of around 10 projects which MetalNRG plans to progress. These projects include a number of potential reverse takeover targets which are being evaluated.
To support our strategic intent and provide the Company with access to two of the most important markets in natural resources, MetalNRG has appointed Oak Hill Financial Inc in Canada to assess the option of dual listing MetalNRG on the Toronto Stock Exchange.
Since its beginnings in 2014, Oak Hill Financial has consistently anticipated and responded to the changing needs of Canadian markets. Through their history of asset management distribution, corporate advisory, and investor relations, they have provided asset managers and companies with a comprehensive and innovative selection of services.
The strategic review recognised the value of a main board London Stock Exchange listing. More importantly, the Board believes that the Company is currently undervalued and that existing shareholders will be protected when a reverse takeover is implemented. In fact the Board anticipates current shareholders to be offered a premium to current share price upon RTO.
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