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#AYM Anglesey Mining Plc – Anglesey and RheEnergise Partner to Explore Underground Energy Storage at Parys Mountain Mine, through the Rehabilitation of the Existing 300m Deep Morris Shaft.
Anglesey Mining plc and RheEnergise Partner to Explore Underground Energy Storage at Parys Mountain Mine, through the Rehabilitation of the Existing 300m Deep Morris Shaft
Anglesey Mining and RheEnergise are pleased to announce the signing of a memorandum of understanding (MOU) to explore the potential deployment of RheEnergise’s innovative High-Density Hydro® (HD Hydro) energy storage technology at the Parys Mountain mine site. The collaboration aims to provide an energy storage solution to support existing and planned renewable energy projects on the Isle of Anglesey and also a reliable source of clean energy for future mining and mineral processing operations. High-Density Hydro® (HD Hydro) energy storage is based on traditional pumped energy storage technology but rather than using water, a high-density fluid which is 2.5 x more dense than water is used in a closed loop. This technology requires 2.5 x less elevation than water-based systems for a given output and installations would also be correspondingly smaller and cheaper.
The MOU outlines the two companies’ intention to jointly investigate the feasibility of utilising the modern 300-meter-deep Parys Mountain Morris Shaft to host a hydro-energy storage project. This initiative would not only demonstrate the capabilities of RheEnergise’s HD Hydro technology in an operational environment but also facilitate the redevelopment of the underground mine at Parys Mountain.
The initial focus of the collaboration will be on conducting a comprehensive scoping study to assess the technical and economic viability of the proposed project. This will involve evaluating the potential environmental impacts and identifying any necessary permits or regulatory approvals.
The parties have agreed to work together to secure non-dilutive funding to support the project through the various stages of development, from feasibility study to construction and commissioning, including de-watering of the Morris shaft.
” RheEnergise has shown that it is able to deliver demonstration projects here in the UK,” said Rob Marsden, Chief Executive of Anglesey Mining. “The infrastructure and mothballed assets at Parys Mountain provide an ideal site at which to place a commercial scale plant. Anglesey Mining is focused on delivering a polymetallic underground mine at Parys Mountain. Securing a source of consistent green power on site while benefiting from the synergies between deployment of the technology and establishing a presence back underground at Parys Mountain is key to the strategy of de-risking the incremental development of the mine.”
“We are delighted to have the opportunity to work with Anglesey Mining on this groundbreaking project,” said Stephen Crosher, Chief Executive of RheEnergise. “The Parys Mountain site presents a unique opportunity to demonstrate the versatility and scalability of our HD Hydro technology. We believe that this project will serve as a model for future deployments of energy storage solutions at mine sites around the world.”
About Anglesey Mining
Anglesey Mining is a leading mineral exploration company focused on the development of the Parys Mountain polymetallic deposit in Wales. The company is committed to sustainable mining practices and seeks to minimize its environmental impact while maximizing the economic benefits of its operations.
Anglesey Mining is traded on the AIM market of the London Stock Exchange and currently has 461,593,017 ordinary shares in issue.
Anglesey Mining is developing the 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au VMS deposit in North Wales, UK with a reported resource of 5.3 million tonnes at over 4.0% combined base metals in the Measured and Indicated categories and 10.8 million tonnes at over 2.5% combined base metals in the Inferred category.
Anglesey Mining also holds a 49.8% interest in the Grängesberg iron ore project in Sweden and 11.9% of Labrador Iron Mines Holdings Limited, which through its 52% owned subsidiaries, is engaged in the exploration and development of direct shipping iron ore deposits in Labrador and Quebec.
About RheEnergise
RheEnergise is an innovative energy storage company pioneering the development of High-Density Hydro® technology. The company’s mission is to provide cost-effective and sustainable energy storage solutions that can help accelerate the transition to a low-carbon economy.
How the HD Hydro system works: at times of low energy demand, with associated low costs, the High-Density Fluid R-19™ is pumped uphill between storage tanks (buried underground). The storage tanks are connected by underground pipes. As energy prices rise, the benign fluid is released downhill and passes through turbines, generating electricity to supply power to the grid. Projects will range from 5MW to 100MW of power and can work with vertical elevations as low as 100m or less. It means that, unlike conventional pumped hydro energy storage, a RheEnergise HD Hydro system can operate beneath small hills rather than mountains; the system requires 2½ times less vertical elevation. It also means that there are many more sites suitable for RheEnergise projects – in the UK and across the world.
RheEnergise’s analysis of potential project opportunities has indicated that there are c6500 site opportunities in the UK, c115,000 in Europe, c345,000 in North America and c500,000 in Africa and the Middle East.
In November 2022, RheEnergise was awarded a UK £8.25m small business research initiative (SBRI) contract from the UK Government’s Net Zero Innovation Portfolio (NZIP) to deploy a first-of-a-kind demonstrator at a site near Plymouth, Devon.
For further information
RheEnergise – www.rheenergise.com / LinkedIn @rheenergise
Stephen Crosher, Chief Executive: sc@rheenergise.com
Philippa Rogers, Communications Manager: 07971 269559 / pr@rheenergise.com
Anglesey Mining plc – www.angleseymining.co.uk
Rob Marsden, CEO: 07531 475111 / rob.marsden@angleseymining.co.uk
Anglesey Mining plc
Rob Marsden, Chief Executive Officer – Tel: +44 (0)7531 475111
Andrew King, Chairman – Tel: +44 (0)7825 963700
Davy – Nominated Adviser & Joint Corporate Broker
Brian Garrahy / Daragh O’Reilly – Tel: +353 1 679 6363
Zeus Capital Limited – Joint Corporate Broker
Katy Mitchell / Harry Ansell – Tel: +44 (0)161 831 1512
Anglesey Mining #AYM – Board Changes
Anglesey Mining plc (AIM:AYM), the UK minerals development company is pleased to announce the appointment of Mr. Robert Douglas Hall as a non-executive director of the Company, with immediate effect. Anglesey also announces that Jo Battershill has informed the Board of his decision to step down as a non-executive director of the Company with immediate effect.
Doug Hall is a qualified lawyer with over 30 years of UK and international legal experience, including in the mining sector. Doug currently serves as General Counsel for West Cumbria Mining and previously also served in the position of General Counsel for Avesoro Resources, a West-African focused gold exploration, development and production company. Prior to moving in-house, Doug served as a Partner in a number of leading international law firms, including Norton Rose Fulbright and MinterEllison.
Andrew King, Chairman of Anglesey, commented: “I am delighted to welcome Doug to the board of Anglesey. With a risk assessment and project finance background, he brings extensive experience of guiding companies in the natural resources sector through complex negotiations, often with a cross border and cross-cultural element. I am sure he will make a significant contribution to the Anglesey board as we seek to progress the business, in particular the advancement of our Parys Mountain project.
I would also like to thank Jo for his service to Anglesey in recent years, both as Chief Executive Officer and, more recently, as a non-executive director. His decision to step down as a director follows his relocation to Australia earlier this year to pursue a new opportunity in the resources sector and, on behalf of everyone at Anglesey, we wish him well in his future endeavours.”
Additional Information:
Mr. Robert Douglas James Hall (age 63) does not hold any ordinary shares or related securities in the Company.
The Company confirms that there is no other information that is required to be disclosed under Schedule 2(g) of the AIM Rules for Companies in respect of Mr. Hall.
End
For further information, please contact:
Anglesey Mining plc
Rob Marsden, Chief Executive – Tel: +44 (0)7531 475111
Davy
Nominated Adviser & Joint Corporate Broker
Brian Garrahy / Daragh O’Reilly – Tel: +353 1 679 6363
WH Ireland
Joint Corporate Broker
Katy Mitchell / Harry Ansell – Tel: +44 (0) 207 220 1666
LEI: 213800X8BO8EK2B4HQ71
Alan Green covers Botswana Diamonds #BOD, Anglesey Mining #AYM & Dan Flynn covers Mila Resources #MILA on this week’s Stockbox Research Talks
Alan Green covers Botswana Diamonds #BOD, Anglesey Mining #AYM & Dan Flynn covers Mila Resources #MILA on this week’s Stockbox Research Talks
Anglesey Mining #AYM – Issue of Equity
Anglesey Mining plc (AIM:AYM), announces that it has issued a total of 1,229,238 new ordinary shares of 1p each in the Company (“New Ordinary Shares”) in satisfaction of amounts owing to certain suppliers, at a price of 1p per share.
Application has been made for the New Ordinary Shares, which will rank pari passu with all existing ordinary shares in the Company, to be admitted to trading on AIM (“Admission”). Admission is expected to take place on 14 November 2024.
The Company has no ordinary shares held in treasury and, as a result, the total number of voting rights in the Company following Admission will be 484,822,255.
For further information, please contact:
Anglesey Mining plc
Rob Marsden, Chief Executive Officer – Tel: +44 (0)7531 475111
Andrew King, Interim-Chairman – Tel: +44 (0)7825 963700
Davy
Nominated Adviser & Joint Corporate Broker
Brian Garrahy / Daragh O’Reilly – Tel: +353 1 679 6363
Zeus Capital Limited
Joint Corporate Broker
Katy Mitchell / Harry Ansell – Tel: +44 (0)161 831 1512
LEI: 213800X8BO8EK2B4HQ71
About Anglesey Mining plc:
Anglesey is developing the 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au VMS deposit in North Wales, UK with a reported resource of 5.3 million tonnes at over 4.0% combined base metals in the Measured and Indicated categories and 10.8 million tonnes at over 2.5% combined base metals in the Inferred category.
Anglesey also holds a 49.75% interest in the Grängesberg iron ore project in Sweden and 12% of Labrador Iron Mines Holdings Limited, which through its 52% owned subsidiaries, is engaged in the exploration and development of direct shipping iron ore deposits in Labrador and Quebec.
Anglesey Mining #AYM – Information received from statutory and specialist consultees regarding the Parys Mountain Mine Environmental Impact Assessment Scoping Report
Further to the Company’s announcement on 16 August 2024, Anglesey Mining plc (AIM:AYM), is pleased to announce that it has recently received reports from statutory and specialist consultees in response to the Parys Mountain Mine Environmental Impact Assessment (EIA) Scoping Report. The Company is pleased to note that the responses received are broadly in line with the company’s expectations.
The responses from the statutory consultees will be taken into account by the North Wales Minerals and Waste Planning Service, who assess mineral planning applications on behalf of the Isle of Anglesey County Council, for the purposes of their formal Scoping Opinion which the Company expects to be released in due course.
As previously noted, the Anglesey Mining team are committed to close collaboration with stakeholders, communities, industry and supply chain, particularly around minimising potential environmental impacts and maximising economic development opportunities for local communities.
The Scoping Report and appendices can be accessed and downloaded from the Parys Mountain section of our web site by clicking this link:
https://www.angleseymining.co.uk/environmental-impact-assessment-eia-scoping-report/
or from the Anglesey County Council and North Wales Minerals and Waste Planning Service websites by clicking the following link:
If you wish to submit comments through the formal scoping processes, please send your comments directly to the North Wales Minerals and Waste Planning Service.
In the meantime, if you wish to provide comments regarding the proposal to the Anglesey Mining Team directly, please address them to mail@angleseymining.co.uk with the subject “Scoping Report Comments.”
Rob Marsden, CEO of Anglesey Mining, commented: “We encourage stakeholders to comment and ask questions, so that a highly considered EIA submission can be made. [We also welcome the opportunity to engage constructively with the North Wales Minerals and Waste Planning Service as it progresses with the Scoping Opinion.] The objective of Anglesey Mining is to make a planning application, that when enacted, will be seen to provide economic returns to investors, job opportunities, mitigation of the impacts to the environment and enhanced respect for, and appreciation of, the mining heritage of Parys Mountain, thus earning us a social licence to operate.”
About Anglesey Mining plc:
Anglesey Mining is traded on the AIM market of the London Stock Exchange and currently has 461,593,017 ordinary shares in issue.
Anglesey is developing the 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au VMS deposit in North Wales, UK with a reported resource of 5.3 million tonnes at over 4.0% combined base metals in the Measured and Indicated categories and 10.8 million tonnes at over 2.5% combined base metals in the Inferred category.
Anglesey also holds a 49.75% interest in the Grängesberg iron ore project in Sweden and 12% of Labrador Iron Mines Holdings Limited, which through its 52% owned subsidiaries, is engaged in the exploration and development of direct shipping iron ore deposits in Labrador and Quebec.
For further information, please contact:
Anglesey Mining plc
Rob Marsden, Chief Executive Officer – Tel: +44 (0)7531 475111
Andrew King, Interim-Chairman – Tel: +44 (0)7825 963700
Davy
Nominated Adviser & Joint Corporate Broker
Brian Garrahy / Daragh O’Reilly – Tel: +353 1 679 6363
Zeus Capital Limited
Joint Corporate Broker
Katy Mitchell / Harry Ansell – Tel: +44 (0)161 831 1512
Anglesey Mining #AYM – Directorate Change
Anglesey Mining plc (AIM:AYM), announces that Namrata Verma has informed the Board of her decision to resign as a non-executive director of the Company with immediate effect in order to pursue other interests.
Andrew King, Interim Chairman of Anglesey Mining, commented: “On behalf of the Board of Anglesey, I would like to thank Namrata for her contribution to the Company and we wish her well for the future. The Board intends to initiate a process to recruit a new non-executive director and we will update the market as appropriate in due course.“
About Anglesey Mining plc:
Anglesey Mining is traded on the AIM market of the London Stock Exchange and currently has 461,593,017 ordinary shares in issue.
Anglesey is developing the 100% owned Parys Mountain Cu-Zn-Pb-Ag-Au VMS deposit in North Wales, UK with a reported resource of 5.3 million tonnes at over 4.0% combined base metals in the Measured and Indicated categories and 10.8 million tonnes at over 2.5% combined base metals in the Inferred category.
Anglesey also holds a 49.75% interest in the Grängesberg iron ore project in Sweden and 12% of Labrador Iron Mines Holdings Limited, which through its 52% owned subsidiaries, is engaged in the exploration and development of direct shipping iron ore deposits in Labrador and Quebec.
For further information, please contact:Anglesey Mining plc
Rob Marsden, Chief Executive Officer – Tel: +44 (0)7531 475111
Andrew King, Interim-Chairman – Tel: +44 (0)7825 963700
Davy
Nominated Adviser & Joint Corporate Broker
Brian Garrahy / Daragh O’Reilly – Tel: +353 1 679 6363
Zeus Capital Limited
Joint Corporate Broker
Katy Mitchell / Harry Ansell – Tel: +44 (0)161 831 1512
Alan Green covers Anglesey Mining #AYM, Kavango Resources #KAV & Voyager Life #VOY on this week’s Stockbox Research Talks
Alan Green covers Anglesey Mining #AYM, Kavango Resources #KAV & Voyager Life #VOY on this week’s Stockbox Research Talks
Copper works reopening hits ‘significant milestone’ – BBC Anglesey Mining article
Gareth Wyn WilliamsDevelopers hoping to restart mining an Anglesey copper works say they’ve reached a “significant milestone” after submitting the first necessary steps for plans that could create 120 jobs.
Tests show the area around Parys Mountain to contain deposits rich in copper, zinc, lead, silver and gold “worth around $1bn [£755m]”, according to Anglesey Mining PLC.
The company has now prepared the first phase of an environmental impact assessment with the ambition of new underground works at the site.
Anglesey councillor Aled Morris Jones said he welcomed “the potential to create jobs but while adhering to concrete guidelines to protect the environment”.
Link here to read the full article
Anglesey Mining #AYM and Parys Mountain featured in a report by Rob Shelley on ITV Wales
https://x.com/Brand_UK/status/1828693057845268553
A #copper rush on Anglesey? It is 120 years since the last miners left… but history could be about to come full circle at #ParysMountain #Anglesey
CEO Rob Marsden and Site Manager Don McCallum talk through the history of the mine and the drill samples in the core shed
Everything from #copper #gold #zinc #lead and #silver could be mined from a new section of Parys Mountain