28th May 2021 10:39
Corcel PLC - natural resources explorer and developer focused on battery metals - Acquires six months of exclusivity over a 100% interest in the "shovel ready" Avonmouth 50 megawatt gas peaking project outside of Bristol. Purchase consideration is GBP72,000 payable now and a further GBP72,000 payable at financial close at the time of entering into the formal lease over the project site. Also acquires rights over additional 15 megawatts of potential grid connection capacity and associated land at the Avonmouth complex.
"Following closely behind our recent acquisition of the Tring Road gas peaking complex, we have now added a further 50MW of flexible energy generation at Avonmouth," says Chief Executive Scott Kaintz.
He adds "Our present intention is to seek to bring Avonmouth to financial close during the course of 2021 leveraging the existing efforts already underway for Tring Road and Burwell, marketing the project portfolio jointly."
Current stock price: 1.95 pence, up 11% on Friday
year-to-date change: up 81%
By Lucy Heming;Â [email protected]
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