Province Resources (ASX:PRL) will today (21 March) be removed from the official list of the Australian Securities Exchange (ASX).
The company was evaluating several gold and other commodity projects in Australia and overseas, however these projects have been reviewed and rejected.
In its December quarterly report, Province Resources said it intended to identify one or more projects suitable for a relisting of the company’s shares on a recognised exchange.
At the end of the quarter, the company had a cash balance of $9.27 million.
On 14 February, Province advised that Kylah Morrison resigned as a non-executive director effective 24 February 2025.
The company was developing its HyEnergy green hydrogen project in Western Australia, which it was touting as a globally significant development which would supply green hydrogen to domestic and international markets.
“Using abundant wind and sunlight from the Gascoyne region we will produce hydrogen which is free from carbon emissions,” the company’s website says.
“Green hydrogen will become a key ingredient in the global energy mix as the world seeks to achieve net zero greenhouse gas emissions by 2050.
“We also explore for vital minerals for the transition to green energy including vanadium, cobalt, nickel, copper and gold.”
Write to Adam Orlando at Mining.com.au
Images: Province
