logo-loader
viewMetalNRG

Metal NRG looking to do 'quite staggering things' to make investors 'sit up and pay attention'

Paul Johnson, CEO of Metal NRG (LON:MNRG) tells Proactive they're a small, shell NEX company with just under £500,000 in the bank looking to find new projects in the energy, metals and minerals sectors.

They've recently announced they're first push into the cobalt space.

''Cobalt's a very, very hot sector in Australia at the moment - the price of the commodity has been going up dramatically because it's used in battery technologies so there's a great demand for that product'', Johnson says.

''We felt that if we had to pick one commodity to start our journey on, then we would want to be in that hot area where we think there's a real good future dynamic in the next few months and few years''.

Paul Johnson adds that while they're looking keenly at Australia they're also considering opportunities in the US: ''There's some superb opportunities - we're in advanced discussions over a number of different interests.''

Quick facts: MetalNRG

Price: 0.48 GBX

LSE:MNRG
Market: LSE
Market Cap: £1.73 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of MetalNRG named herein, including the promotion by the Company of MetalNRG in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

MetalNRG: Mining Capital’s Alastair Ford looking out for potential...

Mining Capital's Alastair Ford gives his take on developments at MetalNRG PLC (LON:MNRG) following a call he had with CEO Rolf Gerritsen. A pillar gold sampling programme at its Gold Ridge project in Arizona is underway and Ford also discusses wider plans for the company including new...

on 15/11/19

2 min read