Corcel is best known for its vast PNG nickel laterite Mambare Project, once valued at £40m. Management positioned the company to benefit from structural increases in battery metal prices, in particular through a doubling of its nickel/cobalt resource size through the discounted acquisition of the Wowo Gap project. Investors are now witnessing the continued development of a highly relevant vehicle supported by all-time highs and massive disruptions in the nickel market. Additional moves have been made into potential cash generating peaker plants & energy storage via the Flexible Grid Solutions business unit. Also, the Chairman has converted his recently acquired debt to equity at 1.5p and agreed to an 18-month lock-in period.