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
|
|
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Georgina
Energy plc
|
|
Tony
Hamilton
|
via
Camarco
|
Mark
Wallace
|
|
|
|
Tavira
Financial Ltd - Financial Adviser and Joint Broker
Oak
Securities - Joint Broker
Camarco -
Financial PR
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