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MetalNRG Plc NEX:MNRG NEX Ordinary Share GB00B15FS791
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  0.00 0.00% 0.40 0.00 07:39:47
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- 0 0.00 GBX

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Date Time Title Posts
25/7/201817:46MetalNRG 83
11/4/201816:55Metal NRG - The NEX Exchange Cobalt Explorer1

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DateSubject
27/10/2017
08:05
kennyruss: TIDMMNRG 27 October 2017 MetalNRG plc ("MetalNRG" or the "Company") Palomino Project Update MetalNRG plc (NEX:MNRG), the natural resource investing company traded on the NEX Exchange Growth Market in London, has noted the recent announcements from companies with projects in the Pilbara region of Australia. The Company has also received enquiries from investors about MetalNRG's potential interests in the Pilbara region, which currently comprise one project area under application (Palomino Project) and one further project area under application (Palomino North) which is the subject of a forthcoming ballot (i.e. another company has also submitted an application in respect of the same ground applied for by MetalNRG's Australian working partner and thus a ballot is held to determine the successful applicant, unless the parties reach suitable agreement as to how the joint application is to be handled prior to the ballot). As announced on 12 October 2017, the Company will update shareholders as and when it is known that the application, for Palomino North has been successful or not. As outlined within our Strategic Business Update announcement on 12 October 2017, whilst the Company originally submitted the applications with a cobalt focus, and cobalt remains a key target metal for both projects, due to their geographic location within the Pilbara region of Western Australia, the application areas may also be prospective for gold, as a number of companies are reported to have discovered potentially significant gold bearing conglomerates elsewhere in this largely underexplored region. MetalNRG has been monitoring developments in respect of the Pilbara region and notably in respect of companies holding interests in close proximity to our own potential interests, including the results of exploration work and analysis conducted by those companies. This includes London listed Greatland Gold (LON: GGP), which released a detailed update on 24 October 2017 in respect of its Panorama Project, which consists of two adjoining exploration licence applications one of which is also adjoining MetalNRG's potential Palomino Project. MetalNRG is working with its Australian partner and its own technical team to assess the technical information and findings of those in proximity to our potential interests and forming a view as to how this may impact the prospectivity of the Palomino Project. We will update the market on our findings at the earliest opportunity. Paul Johnson, Chief Executive Officer of MetalNRG commented: "We are grateful to be in a potentially fortunate position. In the case of the Pilbara region, our licence applications originally submitted with a cobalt focus now need to be seriously assessed for their gold potential. Based on recent announcements by our neighbours and other companies operating in the region, it seems clear that the Eastern Pilbara is prospective for gold. Indeed, there is gathering excitement surrounding more and more of the companies operating in the broader Pilbara region. MetalNRG, like many others, is highly intrigued by what is unfolding in the region. That said, we want to maintain a calm perspective and focus on building our technical knowledge, helped tremendously by information released into the public domain by our peers. We will report to the market the findings of our technical review in due course." Transaction background - Palomino Project As noted in the announcement of 29 June 2017, to secure the right to acquire 100% of the Palomino application, when it becomes a granted licence and subject to the normal regulatory approvals needed for licence transfers, MetalNRG has agreed to cover the direct costs of the vendor up to circa A$15,000 and to issue one million MetalNRG shares to the vendors at a deemed price of 1.5p per new ordinary MetalNRG share. If the Palomino application is granted, MetalNRG will issue a further two million shares to the vendors at a deemed price of 1.5p per new MetalNRG ordinary share. Additional Share Based Payment In recognition of the additional work that has been undertaken by our Australian partner, Redstone Metals Pty Limited ("Redstone"), the Company has agreed to issue 500,000 new ordinary MetalNRG plc shares to Redstone at a deemed price of 1.5p which reflected the share price at the time the work was undertaken. This is separate and in addition to the original terms agreed for the right to acquire Palomino as outlined above and detailed originally within our announcement of 29 June 2017. The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified geologist who acts as Competent Person. Mr O'Reilly is a Principal consultant working for Mining Analyst Consulting Ltd which has been retained by MetalNRG PLC to provide technical support. Total Voting Rights For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), following completion of the above Additional Share Based Payment the issued ordinary share capital of MetalNRG will consist of 139,326,404 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, MetalNRG under the DTRs. The Directors of the Company accept responsibility for the contents of this announcement. Contact details: MetalNRG plc +44 (0) 7766 465617 Paul Johnson (Chief Executive Officer)
13/10/2017
08:22
kennyruss: Interesting times ahead. MetalNRG plc ("MetalNRG" or the "Company") 12 October 2017 Strategic Business Update MetalNRG plc (NEX:MNRG) the natural resource investing company quoted on the NEX Exchange Growth Market in London is pleased to provide a strategic business update for investors. During the summer months the Company has been working actively in the background, on a number of initiatives. Certain matters are now closing in on a conclusion, however the Company feels it would be prudent to outline the areas of commercial work underway, in order to give shareholders an indication of the activity levels and potential direction of the Company. Palomino Cobalt, Australia The Company has two exploration licence applications in progress, covering two different project areas, namely Palomino and Palomino North. The Company has the right to acquire 100% of both projects from our Australian partner, upon successful granting of the respective exploration licences, further details of which can be found within the Company's announcements dated 29 June 2017 and 24 August 2017. Whilst the Company originally submitted the applications with a cobalt focus, and cobalt remains a key target metal for both projects, due to their geographic location within the Pilbara region of Western Australia, the application areas may also be prospective for gold. As a number of companies are reported to have discovered potentially significant gold bearing conglomerates elsewhere in this largely underexplored region. The extent of interest in this region is demonstrated by the fact that in respect of Palomino North, we have been notified, that another mineral company has submitted an application for the same exploration ground as the Company, on the same day we submitted application, and thus MetalNRG's partner will now be entering into a ballot to determine which party successfully secures the application. MetalNRG has spent A$15,000 to secure the right to 100% of the Palomino North licence, as well as Palomino, when it becomes granted and the Company has also issued one million MetalNRG shares to the vendors. The Company will update shareholders as and when it is known that the application, for Palomino North has been successful or not. MetalNRG and its Australian partner have received various expressions of interest in the two exploration licence application packages and should suitably attractive formal offers be received we will consider disposal of our interest(s). This does not mean the Company will dispose of any interest, but that the option would be available for consideration by the Company. In the interim MetalNRG is conducting initial work to assess gold prospectivity on the licences alongside cobalt prospectivity, and further information will be provided to the market when this initial work has been completed. US Cobalt, United States The Company announced on 12 July 2017 the acquisition of an 18.18% stake in US Cobalt Pty Limited and the option to increase this to 100% subject to due diligence. Part of the due diligence process was the completion of project licence specific and regional prospectivity review work which was commenced in July as announced on 21 July 2017. We are now in receipt of an updated report in respect of the US Cobalt project and this is undergoing technical review at present. This report details findings of the work conducted over US Cobalt's 100% held Columbia Pass Project ("Project"), which comprises 316 contiguous mineral claims within the Goodsprings Mining District ("Goodsprings"), approximately 50km south west of Las Vegas, Nevada, United States. We intend to provide a more detailed update to the market shortly, however the work programme commenced in July 2017 has defined two prospective belts based on geological and mineralogical studies; the Fredrickson Zinc Lead ("FZP") belt and Swansea Copper Cobalt ("SCC"). Samples from historical surface workings proximal to the Project ranged up to; 6.21% copper, 23.3% zinc, 180g/t silver in the FZP; and 12.6% copper and 1.96% cobalt in the SCC belt. With both the FZP and SCC belts ranging through the US Cobalt claim blocks, areas for follow-up sampling are well defined. The Columbia Pass area has a long history of small scale copper, zinc, lead and gold mining. Within the historic copper mines of the SCC belt, cobalt mineralisation was widely noted, but at that time, largely unexploited. A comprehensive summary of the summer work programme, findings and next steps will be released shortly, following interpretation of the supplied datasets. Uranium Opportunity MetalNRG has been approached by a third party wishing to utilise MetalNRG as a listed vehicle for a uranium opportunity. This project opportunity is under review at present and we will update the market should we decide to proceed and achieve a commercial agreement with the third parties involved. Paul Johnson, Chief Executive Officer of MetalNRG commented: "Although a small company with a market capitalisation of under GBP1million MetalNRG has been exposed to numerous significant and exciting opportunities in the energy metals and minerals environment. We have outlined certain opportunities above however we are also pursuing a number of additional potential projects, notably in the cobalt space. The extent of opportunities available has led to an intensive work period over the summer and a reduced amount of market communications. News flow is vital to market engagement, trading volumes and share price performance and it is my intention to enhance the forward news flow as we crystallise new opportunities. We are moving into what I believe will be a very exciting and value generative period in the Company's life cycle. I would like to thank shareholders who have demonstrated patience, commitment and support in recent months as we have continued our work. Investors should be absolutely aware that until formal market announcements are made confirming commercial agreements, there is no certainty that a commercial transaction will be concluded." The Directors of the Company accept responsibility for the contents of this announcement. The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified geologist who acts as Competent Person. Mr O'Reilly has visited the US Cobalt project site and met with the exploration personnel. Mr O'Reilly is a Principal consultant working for Mining Analyst Consulting Ltd which has been retained by MetalNRG PLC to provide technical support.
31/7/2017
23:16
the stigologist: Paul Johnson share price destruction track record
25/7/2017
10:09
kennyruss: https://uk.advfn.com/stock-market/NEX/metalnrg-plc-ord-gbp0-0001-MNRG/share-news/MetalNRG-Plc-Issue-of-Equity-for-Share-Element-of/75297960
20/7/2017
10:06
kennyruss: Another huge tick in the box for me is that the cobalt projects are being paid by a mixture of cash and shares. Shares issued at 1.5p for these projects - great entry point imho. https://uk.advfn.com/stock-market/NEX/metalnrg-plc-ord-gbp0-0001-MNRG/share-news/MetalNRG-Plc-Investment-in-US-Cobalt-Opportunity/75218427 https://uk.advfn.com/stock-market/NEX/metalnrg-plc-ord-gbp0-0001-MNRG/share-news/MetalNRG-Plc-Investment-in-Australian-Cobalt-Licen/75135309
12/7/2017
08:10
goneawol: Http://www.metalnrg.com/ Https://twitter.com/MetalNRGplc Http://www.metalnrg.com/investors/company-presentation/download-file?path=Metal+NRG+Corporate+Presentation+July+2017.pdf Interview with CEO Paul Johnson (30th June 2017): Https://www.miningmaven.com/index.php?option=com_content&;view=article&id=624:miningmaven-podcast-no-83-with-paul-johnson-ceo-metalnrg-mnrg&catid=51:podcasts&Itemid=553 RNS:Investment in Australian Cobalt Licences (29 June 2017): https://uk.advfn.com/stock-market/NEX/metalnrg-plc-ord-gbp0-0001-MNRG/share-news/MetalNRG-Plc-Investment-in-Australian-Cobalt-Licen/75135309 RNS: Strategic Update... (23 February 2018) Http://www.metalnrg.com/investors/regulatory-news/104-strategic-update-board-changes-director-financing-2018-02-23t115600z Rolf Gerritsen - Share Talk - 26 April 2018 !YOUTUBEVIDEO:TBrYlh8_K94:
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