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Corcel PLC - London-based mining and mineral resource development company - Sells 20% interest in its Mount Weld rare earth element project to shareholder Extraction Srl for A$1.0 million, or £533,805. Extraction currently holds a 9.6% interest in Corcel. Corcel says it is considering the use of proceeds from the partial sale of Mount Weld. Chair James Parsons says: ‘I am delighted to announce this partial de-risking of our Mount Weld asset ahead of drilling results at the project. The company will now focus on its first transaction following its recent pivot to oil and gas’. Current stock price: 0.36 pence, up 12% on Friday 12-month change: down 75% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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