Mining, Minerals&Mtl - Proposed Acquisition of Georgina Energy Plc
05/07/2024 15:52
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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 (tel:+442038333719)
Oliver Stansfield
Oak Securities - Joint Broker
Jerry Keen +44 (0)203 973 3678 (tel:+442039733678)
Henry Clarke
Dillon Anadkat
Camarco - Financial PR
Tilly Butcher georginaenergy@apcoworldwide.com (mailto:georginaenergy@apcoworldwide.com)
Gordon Poole
Letaba Rimell
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
(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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