Blenheim Natural Resources PLC GM Statement (0580C)
January 17 2018 - 1:00AM
UK Regulatory
TIDMBNR
RNS Number : 0580C
Blenheim Natural Resources PLC
17 January 2018
Blenheim Natural Resources plc / EPIC: BNR / Market: AIM
17 January 2018
Blenheim Natural Resources Plc
("Blenheim" or the "Company")
General Meeting Statement
Blenheim Natural Resources Plc, the AIM-quoted investment
company, announces that at today's General Meeting, to be held at
12 noon, where the Company is seeking, inter alia, shareholders'
approval of resolutions necessary to facilitate its acquisition of
up to 49% of Cobalt Blue Holdings Inc, as announced on 30 November
2017, Chairman, Chris Ells, will make the following statement.
"The last 12 months has been a transitional time for the
Company, during which we have made excellent progress in delivering
on our investment strategy to build shareholder value. As an
investment company, primarily targeting the natural resource space,
Blenheim has made a number of investments which it believes
provides the Company with exposure to opportunities with
significant re-rating potential in terms of value, particularly in
the technology metal space.
"The Board believes that there is a step change occurring in
commodity demand cycles, pricing and trading. With this in mind,
the Company's primary investment focus has been on metals including
lithium and cobalt, both key constituents in the manufacture of
batteries for electric vehicles, and where it believes strong
market and positive pricing dynamics are set to continue. Its
investment strategy has been to gain exposure to highly prospective
exploration opportunities, run by companies which have experience
in both their geographical regions of operation and in successfully
advancing mineral development projects which have the right address
and have already yielded strong potential to host discoveries.
"Accordingly, Blenheim now has exposure to prospective lithium
licences in Southern Mali and Niger, which are being advanced by
first-class exploration teams. In particular, the Malian interests
are situated in one of the world's most prospective mineral regions
for the fast-growing lithium market permits and is in close
proximity to known discoveries in the south of the country, an area
rapidly emerging as a significant and exciting lithium
province.
"In terms of cobalt, the proposed investment into Cobalt Blue
Holdings Inc, will, following shareholders' approval, provide a
substantial land package that surrounds the Nkamouna and Mada
Cobalt-Nickel Project in Cameroon, again a highly prospective
region which has strong development potential.
"To broaden our exposure and widen our re-rating potential, the
Company also recently invested in leading global cyber security
company, BrandShield Ltd ("Brandshield"). BrandShield is a global
leading online brand protection and anti-fraud company with a
portfolio of multi-nationals including Visa, New Balance, KTM
Sportmotorcycle, Radisson Hotels and Swisscom. It is expanding its
solution to the crypto-currency and blockchain industry, making it
well-placed to develop blockchain-based solutions for the natural
resources sector.
"Additionally, the Company has investments in Kalahari Key
Mineral Exploration Company Pty Limited, a company set up by an
experienced team of explorers to search for base and platinum group
metals in Botswana, and in IGS (International Geoscience Services)
Limited, a global consulting group. The Board will continue to
support the investee companies and look for additional value
accretive opportunities to further enhance our investments.
"The Board is extremely excited about the potential of its
investment portfolio and receiving updates from each investee
company as they advance their individual projects. We would like to
thank investors for their support in this highly active period, and
with developments on-going across the portfolio, we look forward to
providing shareholders with regular updates which we hope will
underpin our investment decisions. Blenheim remains in a strong
financial position and the Board looks forward to the upcoming year
and beyond."
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
*Ends*
For further information please visit
www.blenheimnaturalresources.com or contact:
Chris Ells/Charlie Wood Blenheim Natural Resources Plc +44 (0)1622 844601
Spark Advisory Partners Limited
Neil Baldwin/Andrew Emmott (Nominated Adviser) +44(0)203 368 3554
Nick Emerson SI Capital Ltd (Broker) +44 (0)1483 413500
Frank Buhagiar/Gaby Jenner St Brides Partners +44 (0)207 236 1177
This information is provided by RNS
The company news service from the London Stock Exchange
END
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