Corcel plc said that its proposed off-take partner had invited the company to move to a binding agreement for supplies from the Mambare (41%) and Wowo Gap (100%) nickel-cobalt projects in Papua New Guinea. AGREEMENT In January 2022, the company signed a non-binding memorandum of understanding (MOU) with Shandong New Powder Cosmo AM&T (NPC). A […]
Tag: cobalt
Corcel receives analysis report for Wowo Gap
Corcel plc said it had received its externally commissioned Gap analysis report for its Wowo Gap lateritic nickel-cobalt project (100%) in Papua New Guinea. GAP ANALYSIS AMC Consultants Pty Ltd prepared the Gap analysis which builds on the project’s previous owners’ 2010 feasibility study and the 2016 direct shipping ore (DSO) study. The report includes […]
Corcel starts marketing Wowo Gap
Corcel plc said it aimed to capitalise on nickel prices by starting the process for potential farm outs or other funding for its nickel-cobalt project at Wowo Gap in Papua New Guinea. INVESTORS The company added it had engaged an investment bank to market the project following recent movements in the price of nickel and […]
Altus executes sale of Toura nickel-cobalt project
Altus Strategies plc has completed the sale of its wholly-owned Toura nickel-cobalt licence application in western Côte d’Ivoire. TERMS The sale and purchase agreement, executed with Firering Strategic Minerals plc, will give Altus a gross revenue royalty of up to 1.0% on nickel and cobalt sales and pay the company €15,000. TOURA The project comprises […]
Corcel progresses PNG cobalt-nickel projects
Corcel plc announced progress with its cobalt-nickel projects in east and southeast Papua New Guinea (PNG). MAMBARE The company said its application for a Mambare mining lease is undergoing its final government review, which was likely to be the last step in the process. Corcel is also advancing the project to direct shipping ore (DSO) […]
Corcel grants 21m share options to directors-staff
Corcel plc has granted 20,606,278 five-year share options, of which 8,447,197 are under its existing enterprise management scheme, to directors and key staff. PREMIUM Each option carries one ordinary share of £0.0001 in the capital of the company at a strike price of £0.017, being a 26% premium to the most recent closing price of […]