The stakes in Curzon Energy and metallurgical coal miner MET will not be core assets going forward and Regency will look to sell them in due course, said Scott Kaintz, chief executive.
Going forward, the main assets will be the Mambare nickel-cobalt project in Papua New Guinea, and a 50% interest in the Dempster Vanadium project in the Yukon, Canada,
In the UK, work is currently underway on a single large development site near Liverpool, where two potential stages of development are envisioned under the name of the Southport Energy Centre.
Scott Kaintz, chief executive, said a core business exists within Regency that can be developed.
“This core will consist of a combination of our existing mining interests coupled with the investment in energy storage space, offering investors potential exposure to the battery story and energy revolution from the raw materials in the ground to their ultimate deployment in the modern UK electricity grid.
“Funding will be required to develop our projects and we look forward to announcing further details of these plans in due course.”