18 February 2021 Corcel Plc, ( Corcel or the Company ), the natural resource exploration and development company with interests in battery metals and flexible grid solutions, announces that to enable the Company s continued progress at the Burwell Energy Storage project as well as on the Mambare mining lease application, that it has agreed a funding package, consisting of a combination of both equity and debt. Chief Executive Officer, Scott Kaintz commented: Initiatives begun in 2020 are now starting to bear fruit as we make material advancements both at Burwell here in the UK and at Mambare in supporting our overarching strategy of advancing the decarbonization of the global economy. The funds secured today are designed to minimize dilution at current levels as we approach multiple significant value inflection events.
10 February 2021 | 09:22am
StockMarketWire.com - Natural resource exploration and development company Corcel said Resource Mining Corporation announced it had expanded its nickel portfolio by acquiring a controlling interest in a nickel project in Tanzania. While the Wowo Gap project in PNG has been the focus for RMI, the expansion into Tanzania with the acquisition of the prospective KNP represents a significant step forward for the company, Resource Mining Corporation said.
Completion of the acquisition, subject to RMI completing due diligence, was expected to occur within the next week, it added.
Corcel owned a AUD $4.76 million senior debt position in Resource Mining Corporation repayable in September 2021 and January 2022.