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The latest announcement is out from GCM Resources ( (GB:GCM) ).
GCM Resources plc announced that all resolutions were passed at its annual general meeting, reflecting shareholder support for its ongoing projects. This development underlines the company’s strategic focus on leveraging its coal resource for energy production, potentially enhancing its position in the energy market contingent on government approvals.
More about GCM Resources
GCM Resources plc is an AIM traded mining and energy company that has identified a significant coal resource at the Phulbari Coal and Power Project in north-west Bangladesh. The project is expected to support substantial coal and solar power capacity, aiming to provide economical coal-fired electricity in collaboration with strategic development partners, contingent on government approval.
YTD Price Performance: -33.96%
Average Trading Volume: 752,112
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.84M
For detailed information about GCM stock, go to TipRanks’ Stock Analysis page.
