Corcel plc has increased its issued share capital, under an acceleration clause, with exercise of the 1,698,125,000 February 2025 warrants, for £3.85 million. TVRs The company said that the last 334,375,000 of exercised warrants came under the block admission dated 24 June 2025. Following the exercise, Corcel’s issued share capital comprises 7,630,333,138 ordinary shares, with one […]
Tag: Mambare – Papua New Guinea
Corcel notes acceleration of warrants exercises
Corcel plc said that the acceleration clause of the outstanding 1,666,875,000 warrants issued on February 2025, and valued at £3.7 million, had been triggered. TVRs A total of 31,250,000 warrants were exercised in June 2025, with the number of warrant exercises to date totalling 1,332,500,000, for £2,998,125. Of the 1,332,500,000 warrants exercised, 332,500,000 fell under […]
Corcel issues 50m new shares
Corcel plc has issued 50 million new ordinary shares following the exercise of 50m warrants at £0.005 per share for £250,000, at a premium to the prevailing share price. TVRs Charlestown Energy Partners, certain Corcel directors and other private investors gave notice of the warrants exercise. The 50m warrants exercised, originally issued on 17 October […]
Corcel to progress Mambare sale
Corcel plc is to sell its 41% interest in the Mambare nickel-cobalt project and associated Oro Nickel joint venture, following no response from its partner’s pre-emption notice and time extension. ADVICE In March 2023, Corcel restructured its Papua New Guinea assets in a 50-50 joint venture with Integrated Energy Metals (IEM) to create a new carried […]
Corcel offered $4.1m for Mambare
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 […]
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 […]