REG - GCM Resources PLC - Board Constitution

GCM ResourcesAnnouncement

28/02/2024 16:00

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RNS Number : 8421E  GCM Resources PLC  28 February 2024

GCM Resources plc

("GCM" or the "Company")

 

Board Constitution

 

 

GCM Resources plc (LON:GCM), an AIM quoted mining and energy company,
announces that further to the recent resignation of its non-executive
Chairman, it has identified candidates for a replacement Non-executive Chair
and a further non-executive director.

 

The Company and its nominated adviser are conducting due diligence checks and
it is hoped the Company can announce the replacements once these checks are
concluded.

 

 

 

This announcement contains inside information as defined in Article 7 of the
EU Market Abuse Regulation No 596/2014 and has been announced in accordance
with the Company's obligations under Article 17 of that Regulation.

 

 

For further information:

 GCM Resources plc             WH Ireland Ltd

 Keith Fulton                  James Joyce

 Finance Director              James Bavister

  +44 (0) 20 7290 1630         Andrew De Andrade

                               +44 (0) 20 7220 1666

 GCM Resources plc
 Tel: +44 (0) 20 7290 1630
 info@gcmplc.com; www.gcmplc.com (http://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.

 

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