Today we speak with Rolf Gerritsen who provides a strategic update to its investors and highlights the recent updates that MetalNRG Plc has announced.
Rolf talks about the Company’s gold mining asset in Arizona, U.S.A (the “Gold Ridge Project”).
The Farm-in Agreement with Mkango Resources Limited (“Mkango”) for the Company to earn up to 75% of the economic interest in the Thambani Licence controlled by Mkango in Southern Malawi over a 3 year period.
On 2 May 2019, the parliament of the Kyrgyz Republic voted to ban all uranium exploration and mining in Kyrgyzstan indefinitely (the “Uranium Ban”). Rolf explains in more depth how the political decision affects the company farm-in agreement and how they are looking to address these issues.
Rolf Gerritsen, CEO of MetalNRG commented: “MetalNRG is committed to migrating to the main market for listed securities of the London Stock Exchange plc and adding real value to its shareholders, however, due to unforeseen circumstances we have had to slow the process down for now. We are working closely with our partners, IMC and Mkango to make progress and will keep investors informed of developments as and when possible”.
Company Website https://www.metalnrg.com/
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