RNS Number : 3781V
Mining, Minerals & Metals PLC
05 July 2024
 

5 July 2024

 

Mining Minerals & Metals Plc

("MMM" or the "Company")

 

Proposed Acquisition of Georgina Energy Plc

Mining Minerals & Metals Plc, the investment vehicle established to undertake an acquisition in the natural resources sector, is pleased to announce a further update on its proposed acquisition of Georgina Energy Plc, its re-listing on the official list and admission to trading on the London Stock Exchange Plc ("Listing").

The Company is pleased to announce that it has today received confirmation of its provisional eligibility for the listing of its shares to the official list by the FCA, subject to the final approval and publication of its prospectus which it anticipates occurring next week, with the Company targeting a Listing in July 2024. A final timetable will be published with the prospectus.

 

END

For further information, please contact:

 

Mining, Minerals & Metals plc



Roy Pitchford Non-Executive Chairman, Mining, Minerals & Metals plc

 

Telephone +44 (0)20 7317 0644

Email: roy@mmmplc.com



Georgina Energy plc


Tony Hamilton

via Camarco

Mark Wallace







Tavira Financial Ltd - Financial Adviser and Joint Broker

Jonathan Evans

+44 (0)20 3833 3719

Oliver Stansfield







 

Oak Securities - Joint Broker

Jerry Keen

 +44 (0)203 973 3678

Henry Clarke



Dillon Anadkat



 

Camarco - Financial PR

Tilly Butcher

Gordon Poole

Letaba Rimell

georginaenergy@apcoworldwide.com




 

 

Notes to Editors

 

Georgina Energy aims to become a leading player in the global energy market and is focused on establishing itself among the top producers of helium and hydrogen worldwide. With a strategic approach and leveraging the experienced management team's expertise, Georgina Energy aims to capitalize on opportunities in these critical energy sectors.

 

The projects benefit from established infrastructure and a reliable supply chain, offering significant resource potential through low-risk, cost-effective drilling projects.

 

Georgina Energy has two principal onshore interests held through its wholly owned Australian subsidiary, Westmarket O&G.  The first, the Hussar Prospect is located in the Officer Basin in Western Australia and Westmarket O&G holds a 100% working interest in the exploration permit.  The second, the Mount Winter Prospect, is located in the Amadeus Basin in the Northern Territory, which Georgina Energy has a right to earn an initial 75 per cent. interest in (with the potential to reach 90 per cent.).

 

In line with market demand trends, Georgina Energy is well-positioned to capitalize on the growing gap between supply and demand for hydrogen and helium with the resource potential of Mount Winter and Hussar projects for their potential accumulations.

 

For more information visit https://www.georginaenergy.com

 

Forward-looking statements

 

Certain statements contained in this announcement that are not historical fact may be "forward-looking" statements. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control and all of which are based on the Company's current beliefs and expectations about future events. Forward-looking statements are typically identified by the use of forward-looking terminology such as "believes", "expects", "may", "will", "could", "should", "intends", "estimates", "plans", "assumes" or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. In addition, from time to time, the Company or its representatives have made or may make forward-looking statements orally or in writing. Furthermore, such forward-looking statements may be included in, but are not limited to, press releases or oral statements made by or with the approval of an authorised executive officer of the Company. These forward-looking statements, and other statements contained in this announcement regarding matters that are not historical facts, involve predictions. No assurance can be given that such future results will be achieved; actual events or results may differ materially as a result of risks and uncertainties facing the Company and its subsidiaries. Such risks and uncertainties could cause actual results to vary materially from the future results indicated, expressed or implied in such forward-looking statements.

 

 

The forward-looking statements reflect knowledge and information available at the date of preparation of this announcement. Except as required by applicable law and/or regulatory obligations, the Company does not undertake any obligation to update or change any forward-looking statements to reflect events occurring after the date of this announcement. Nothing in this announcement is intended as a profit forecast or estimate for any period and no statement in this announcement should be interpreted to mean that earnings or earnings per share or income, cash flow from operations or free cash flow for the Company for the current or future financial years would necessarily match or exceed the historical published earnings or earnings per share or income, cash flow from operations or free cash flow for the Company

 

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