GCM Resources (GB:GCM) has released an update.
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GCM Resources has announced its financial results for the year ending June 2024, highlighting challenges due to political changes in Bangladesh that affected its Phulbari Coal and Power Project. Amidst a shift in government, GCM sees new opportunities for collaboration with the interim administration to advance its energy initiatives. The company is making strategic moves to optimize its project plans and has secured a partnership with PowerChina and raised additional funds to strengthen its financial standing.
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