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Corcel acquires 50MW flexible energy project for £144K | 28 May 2021

28 May 2021 | 08:00am StockMarketWire.com - Natural resource company Corcel said it had bought the exclusive rights over the acquisition of the Avonmouth 50MW gas peaking project outside of Bristol from FPC Electric Land for £144,000. Under the terms of the deal, the company paid an initial £72,000 and a further £72,000 would be payable at financial close as well as agreement with EL on a 30-year project land lease. Corcel also receives exclusivity over an additional 15MW grid connection and associated land at the site, giving it the rights to take on the connection for use in a potential generation or battery project on similar terms, the company said.

Resource Mining Corporation acquires nickel project in Tanzania, Corcel says | 10 February 2021

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.

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