Rolek recapitalisation fails

EVEN after seven months shaking the tin, strong initial interest and the backing of DJ Carmichael and Otsana Capital, Rolek Resources has failed to raise the A$5 million needed to recapitalise the company and get the Barramine manganese project into production with two years.

Rolek recapitalisation fails Rolek recapitalisation fails Rolek recapitalisation fails Rolek recapitalisation fails Rolek recapitalisation fails

Barramine could be rapidly developed.

The shell of Shaw River Manganese, which collapsed in 2016 with the manganese price, was hoping to capitalise a recovery in demand for the strategic metal in steelmaking and electric vehicles, with