In today’s briefing:
- Hybridan Research: Coro Energy plc: Free to Focus
- NVX: Believe Current Trade Situation Highlights Need for Local Supply Chain for Battery Materials
Hybridan Research: Coro Energy plc: Free to Focus
- A double line is drawn under the past, as its wholly owned subsidiary Coro Energy Duyung is being sold.
- It has a holding in the Mako Gas Field in Indonesia and the proposed disposal is to West Natuna Exploration Ltd (WNEL), a subsidiary of Conrad Asia Energy, that already has a 76.5% working interest in Mako.
- Whilst Coro has supported the asset for many years, recent GSA pricing and oil price movements have materially deteriorated the project economics and the Operator has not delivered material progress on key commercial milestones.
NVX: Believe Current Trade Situation Highlights Need for Local Supply Chain for Battery Materials
- NVX believes its strategy aligns with the administration’s goal to secure critical mineral supply chains and support domestic manufacturing.
- Its existing Riverside plant – where production capacity has been pre-sold via multiple offtake agreements – is in Tennessee and NVX plans to construct a 2nd production facility in the state, recently obtaining approval and expected tax credits toward this project.
- Each of NVX’s three operating units is expected to play an important role in its development & growth, as NVX leverages proprietary R&D & patented technology to develop critical materials for the battery sector.
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