Corcel plc has received a revised conditional offer of $4.1 million for its 41% interest in the Mambare nickel-cobalt project in Papua New Guinea. EXIT Part of the payment from Integrated Battery Metals (IBM) can be either in cash or IBM shares at Corcel’s discretion. In March 2023, Corcel restructured its PNG assets by signing a […]
Tag: Integrated Battery Metals – IBM
Corcel sells Wowo Gap and disputes Mambare buyout
Corcel plc has sold 100% of its Wowo Gap nickel-cobalt asset and will dispute the buyout of its 41% share in the Mambare nickel-cobalt project, both in Papua New Guinea. MAMBARE In March, Corcel restructured its PNG assets by signing a 50-50 joint venture (JV) deal with Integrated Energy Metals (IEM) to create a new carried vehicle […]
Corcel’s partner plans to buy 41% of Mambare
Corcel plc said that its partner Battery Metals Pty Ltd (BMA) intends to exercise its pre-emption rights to buy out the company’s 41% interest in the Mambare nickel-cobalt project in Papua New Guinea (PNG). LEGAL The move could hinder Corcel’s new joint venture Integrated Battery Metals (IBM) announced on 1 March to hold its PNG assets […]
Corcel signs Papua New Guinea-Argentina MoU
Corcel plc has signed a memorandum of understanding for a proposed 50-50 joint venture to include its nickel-cobalt interests in Papua New Guinea. RESTRUCTURE Corcel and Shandong New Powder COSMO AM&T (NPC)’s JV company will be named Integrated Battery Metals (IBM). The partners intend to create a Singapore-based JV comprising Corcel’s Mambare and Wowo Gap […]