Anglesey Mining plc has agreed equity financing for up to £2 million with Miami-based investment fund Alumni Capital Ltd, conditional on a twenty-into-one share consolidation. UNCERTAINTY The £2m would support negotiations with third-party funders for a pumped hydro energy storage scheme at the company’s Parys Mountain polymetal project, and generating cash flow. As at 31 […]
Tag: hydro energy storage
Anglesey mulls hydro energy storage for Parys
Anglesey Mining plc is considering hydro energy storage from a partner provider to support production from the underground polymetallic mine at Parys Mountain in North Wales. NON-CAVING A conceptual study for RheEnergise’s innovative High-Density Hydro® (HD Hydro) energy storage technology would use the former underground workings and the Morris shaft, excavated in 1989. Anglesey said […]