The latest Investing Matters Podcast episode featuring Alex Schlich, founder and managing director of Yellowstone Advisory, has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksIgas Energy Regulatory News (IGAS)

Share Price Information for Igas Energy (IGAS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 75.60
Bid: 74.80
Ask: 75.60
Change: 0.20 (0.27%)
Spread: 0.80 (1.07%)
Open: 77.40
High: 77.40
Low: 72.00
Prev. Close: 75.60
IGAS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Heads of Terms with Cornish Lithium

Tue, 22nd Feb 2022 07:00

RNS Number : 3471C
Igas Energy PLC
22 February 2022
 

22 February 2022

IGas Energy plc (AIM: IGAS)

("IGas" or "the Company")

 

Heads of Terms with Cornish Lithium

 

IGas has agreed a Heads of Terms with Cornish Lithium, the innovative mineral exploration and development company based in Cornwall, to work together to evaluate suitable sites where geothermal heat can be developed on a commercial basis.

 

Cornish Lithium has secured extensive land and mineral rights agreements in the South West of England, and has developed 3D models of the sub-surface geology and mineral potential of the region utilising historic records combined with data from modern sources such as satellite imagery, geophysical data and drone mapping.

 

Cornish Lithium will work with IGas to develop projects in Cornwall that can supply renewable heat to end users and will also evaluate the potential to extract lithium from the geothermal waters. IGas will bring its experience of well design, drilling and operational management to the projects.

 

A technical and commercial evaluation of a number of potential project locations is underway, which should result in an initial project location being identified. IGas and Cornish Lithium will then jointly develop the initial project location as a pilot scheme.

 

Stephen Bowler, IGas Chief Executive, commented:

 

"This collaboration with Cornish Lithium is another important step in our drive to diversify and leverage our operational expertise. 

 

This complements the ongoing work on hydrogen production and carbon storage and further augments our geothermal business."

 

Jeremy Wrathall, Founder and CEO of Cornish Lithium added:

 

"We are excited to be working with the team at IGas. The combination of our understanding of Cornwall's geology and IGas's understanding of geothermal heat projects will be mutually beneficial to both companies. This represents a significant opportunity to accelerate the development of geothermal heat projects in Cornwall that can decarbonise local businesses."

 

For further information please contact:

IGas Energy plc Tel: +44 (0)20 7993 9899

Stephen Bowler, Chief Executive Officer

Ann-marie Wilkinson, Director of Corporate Affairs

 

Investec Bank plc (NOMAD and Joint Corporate Broker) Tel: +44 (0)20 7597 5970

Sara Hale / Virginia Bull / Jeremy Ellis

 

Canaccord Genuity (Joint Corporate Broker) Tel: +44 (0)20 7523 8000

Henry Fitzgerald-O'Connor / James Asensio

 

Vigo Consulting Tel: +44 (0)20 7390 0230

Patrick d'Ancona / Chris McMahon / Kendall Hill

 

About Cornish Lithium

Cornish Lithium is a highly innovative mineral exploration and development company focused on the environmentally-sustainable extraction of lithium from geothermal waters and hard rock in the historic mining district of Cornwall. The Company has secured agreements with the owners of mineral rights over a large area of the County and is using modern technology to re-evaluate the region for its potential to produce lithium and other vital technology metals in a low carbon and low impact manner. A secure domestic supply of such metals is considered vital to the industrial strategy of the UK as it moves towards Net Zero 2050 and the production of electric vehicles.

For more information about Cornish Lithium, visit www.cornishlithium.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCTBMLTMTATBFT
Date   Source Headline
10th Aug 202210:53 amRNSHolding(s) in Company
4th Aug 20223:01 pmRNSHolding(s) in Company
2nd Aug 20223:39 pmRNSBlock Listing Six Monthly Return
2nd Aug 20227:00 amRNSRBL Redetermination Completed & Notice of Results
1st Aug 20227:00 amRNSTotal Voting Rights

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.