Corcel plc said it was on the verge of a material transformation to become “a sizeable, listed oil and gas developer”. OPERATOR During H2 2023, the company refocused on hydrocarbons in the Kwanza Basin, Angola and is considering further transactions in the region and overseas. The six months also saw a new board of directors […]
Tag: Corcel plc
Corcel’s earn-in partner exits Mt Weld
Corcel plc said its partner in the Mt. Weld rare earth element project has withdrawn from the earn-in agreement. CONTROL Riversgold Ltd, which could have spent A$500,000 to earn a 50% stake, made its decision as part of “a much larger tenement rationalisation process.” In December 2022, Corcel acquired the 171ha licence, situated near Laverton […]
Corcel results indicate Canegrass potential
Corcel plc said initial rock chip sampling results indicated a wider potential for its Canegrass lithium project in Western Australia. INTRIGUING The company owns and holds the rights over three tenements where exploration began with rock chip sampling in November 2023. Analysis of a total of 37 rock chip samples collected returned lithium-cesium-tantalum (LCT) pegmatite […]
Corcel issues 100m shares via warrant exercise
Corcel plc issued 100 million new ordinary shares of £0.0001 each following notice of the exercise of 100m warrants each at a price of £0.0021 for £210,000. Following admission, the company‘s issued share capital will comprise 1,874,794,153 ordinary shares, with equal voting rights. None of the shares are held in treasury.
Corcel investor enters call option for 99m shares
Corcel plc said its investor Extractions Premium & Mining Ltd (EXT), which currently holds 24.37% of the company’s shares, has entered into a call option agreement. Under the agreement’s terms EXT has the right, from 1 March to 1 June 2024, to purchase up to 99,000,000 ordinary shares of the company from Richard Jennings. The price […]
Corcel issues 99m shares from £750,000 CLNs
Corcel plc received notice to convert its outstanding £750,000 convertible loan notes plus interest into 98,917,808 new ordinary shares of the company at a price of £0.008. DIRECTORS The company said that the notice from Extraction Premium and Mining Ltd (EXT) retired the current balance of the facility in full. EXT, incorporated in the UK, is […]