REG - Corcel PLC - Gas Peaker Update

CorcelAnnouncement

04/02/2022 09:45

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RNS Number : 7486A  Corcel PLC  04 February 2022

 

 

Corcel PLC

("Corcel" or the "Company")

 

Gas Peaker Update

 

4 February 2022

 

Corcel, the natural resource exploration and development company with
interests in battery metals and flexible energy generation and storage,
announces an update to its interest in two UK gas peaker assets.

As previously announced on 8 November 2021, the Company had agreed with FPC
Electric Land to extend its 100% rights over the Avonmouth project to 1
February 2022. To allow discussions with potential funding providers
additional time to conclude, both parties have mutually indicated that they
consider the existing agreement and rights extended, though no formal
extension documentation has been executed at this time.

Separately, the owners of the Tring Road Project, where Corcel owns 40%, have
agreed to extend the leasing rights to the site with the landowner and have
completed a lease extension agreement.

The Company continues in active discussions with several potential investors
and sources of funding for the gas peaker projects and will update the market
on further developments in due course.

 

Scott Kaintz 020 7747
9960
Corcel Plc CEO

James Joyce / Andrew de Andrade 0207 220 1666               WH
Ireland Ltd NOMAD & Broker

Simon Woods 0207 3900
230
                Vigo Communications IR

 

This announcement contains inside information under Article 7 of Regulation
(EU) 596/2014.

 

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