TIDMGCM

RNS Number : 4430T

GCM Resources PLC

20 March 2023

20 March 2023

GCM Resources plc

("GCM" or the "Company")

Advisor Update

GCM Resources plc (LON: GCM), an AIM quoted mining and energy company , advises that the broking arrangement between the Company and Monecor (London) Ltd trading as OvalX (previously ETX Capital) has ceased with immediate effect. WH Ireland Ltd will continue to act as the Company's sole broker.

This announcement contains inside information for the purposes of article 7 of the UK version of regulation (EU) no 596/2014 which is part of UK law by virtue of the European Union (withdrawal) act 2018, as amended. Upon the publication of this announcement via a regulatory information service, this inside information is now considered to be in the public domain.

For further information:

 
 
   GCM Resources plc              WH Ireland Ltd 
   Keith Fulton                   James Joyce 
   Finance Director               Andrew De Andrade 
   +44 (0) 20 7290 1630           +44 (0) 20 7220 1666 
 
 GCM Resources plc 
 Tel: +44 (0) 20 7290 1630 
 info@gcmplc.com; www.gcmplc.com

About GCM Resources

GCM Resources plc (LON:GCM), the AIM listed mining and energy company, has identified a high-quality coal resource of 572 million tonnes (JORC 2004 compliant) at the Phulbari Coal and Power Project (the "Project") in north-west Bangladesh.

Utilising the latest highly energy efficient power generating technology the Phulbari coal mine can support some 6,600MW. GCM requires approval from the Government of Bangladesh in order to develop the Project. The Company has a strategy of linking the Company's mine proposal to supplying coal to the Government of Bangladesh's existing and in the pipeline coal-fired power plants and / or power plants developed development partners. Together with credible, internationally recognised strategic development partners, GCM aims to deliver a practical power solution to provide the cheapest coal-fired electricity in the country, in a manner amenable to the Government of Bangladesh.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCUKSWROWUOAAR

(END) Dow Jones Newswires

March 20, 2023 03:00 ET (07:00 GMT)

GCM Resources (AQSE:GCM.GB)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024 Haga Click aquí para más Gráficas GCM Resources.
GCM Resources (AQSE:GCM.GB)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024 Haga Click aquí para más Gráficas GCM Resources.