Kendrick Resources PLC (LSE:KEN) aims to deliver energy metals to Europe to help enable its renewable energy transformation by building a top tier energy metals production business focussed on quality vanadium and nickel mineral resources in Scandinavia.

Kendrick Resources Plc is incorporated and registered in England & Wales under the Companies Act 1985 with registered number 02401127. As at Admission on 6 May 2022 the Company will have projects in Sweden and Finland and an option to acquire three nickel projects in Norway.

The Company is subject to the UK City Code on Takeovers and Mergers.

STRATEGY

The Company’s short to medium term strategic objectives are to build a top tier energy metals production business focussed on quality vanadium and nickel mineral resources in Scandinavia.

The strategy for developing the portfolio of projects consists of two Phases:

PHASE ONE – Produce high-grade vanadium magnetite concentrates from the Airijoki and Koitelainen Projects for sale into the European or global steel industries, or to global vanadium smelters, hence reducing pre-production capital expenditure requirements and timeframes to production.

PHASE TWO – Process high-grade vanadium magnetite concentrates from multiple mineral resources into products, via a centralised downstream processing plant, for sale into the emerging European vanadium battery industry.

BOARD OF DIRECTORS

The Kendrick Resources board consists of Colin Bird (Executive Chairman), Kjeld Thygesen (Non-Executive Director), Alex Borrelli (Non-Executive Director) and Evan Kirby (Non-Executive Director).

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GROUP STRUCTURE