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Oracle Power forms agreement with largest shareholder to explore new ventures in Africa

Oracle Power PLC (LON:ORCP) CEO Naheem Memon tells Proactive the firm has inked an agreement with the private office of Sheikh Ahmed Dalmook Al Maktoum which will see them potentially partner and collaborate to explore potential mining opportunities in Africa. Memon says the partnership is a 'great statement of trust' with Sheikh Ahmed Dalmook Al Maktoum, and its leading the firm in the right direction to become an international player in the natural resource, mining, and power development space.

Quick facts: Oracle Power PLC

Price: 0.6666 GBX

AIM:ORCP
Market: AIM
Market Cap: £13.9 m
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Oracle Power CEO explains delay of LOI for Thar Block VI project plan

Oracle Power's (LON:ORCP) CEO Naheed Memon gives her response to the level of activity amongst investors surrounding the status of the 'Letter of Intent' for the Thar Block VI Project. Memon explains the LOI was applied for in March – shortly before the pandemic – and whilst Oracle originally...

6 days, 23 hours ago

2 min read