EAAS Eenergy Group Plc

TIDMAXM

RNS Number : 7810Z

Alexander Mining PLC

15 December 2014

15 December 2014

Alexander Mining plc

("Alexander" or the "Company")

Lapse of option agreement with mid-tier mining company

The Company has been informed that the agreement ("Agreement") signed with a mid-tier mining company ("the entity") has lapsed. Under the terms of the Agreement announced on 15 September 2014, the entity had been granted an exclusive three months' option period to complete due diligence on the AmmLeach(R) zinc processing technology.

The entity has told Alexander that the decision not to exercise the option or extend the exclusivity period is based on more pressing, recent business developments by the entity and a consequent change in its corporate priorities. It informed Alexander that it had concluded satisfactory thorough technical due diligence of the AmmLeach(R) zinc process and found its potential for commercial production adoption to be favourable.

Martin Rosser, CEO, said that: "whilst we are disappointed that the option will not be exercised, the Company is now free of its exclusivity restrictions and able to pursue alternative opportunities for the use of the AmmLeach(R) zinc processing technology."

For further information please contact:

   Martin Rosser                                                    Matt Sutcliffe 
   Chief Executive Officer                                 Executive Chairman 
   Mobile: + 44 (0) 7770 865 341                      Mobile: +44 (0) 7887 930 758 

Alexander Mining plc

1st Floor

35 Piccadilly

London

W1J 0DW

   Tel:           +44 (0) 20 7292 1300 
   Fax:          +44 (0) 20 7292 1313 
   Email:       mail@alexandermining.com 
   Website:   www.alexandermining.com 
 
Nominated Adviser and Broker 
 Northland Capital Partners Limited 
 Matthew Johnson / Gerry Beaney 
 +44 (0) 20 7382 1100 
 
 
 

Public/Media Relations

Britton Financial PR

Tim Blackstone

+44 (0) 20 7242 9786

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCXELFFZLFLFBX

Eenergy (LSE:EAAS)
Historical Stock Chart
From Mar 2024 to Apr 2024

Eenergy (LSE:EAAS)
Historical Stock Chart
From Apr 2023 to Apr 2024