IN BRIEF: Corcel loss widens as administrative expenses mount
16th Dec 2024 19:58
Corcel PLC - Angola and Brazil focused energy company - Pretax loss widens to GBP3.0 million in the year to June 30 from GBP1.3 million a year prior. No revenue reported, unchanged. Bottom line hurt by increase in administrative expenses to GBP2.6 million from GBP1.4 million. Says key priorities include: advancing the exploration program on KON-16; expanding the footprint in Brazil through strategic acquisitions targeting near-term production; strengthening partnerships and working closely with the operator in Angola to maximize the value of KON-11 and KON-12; maximising value potential from Battery Metals and Rare Earth assets. Read More