Our business was incorporated in Scotland in 2018, and currently has around 80 international and UK shareholders. We are headquartered in Ellon, Aberdeenshire and our team is locally based.

We employ geologists who specialize in the discovery and exploration of mineral deposits - naturally occurring bedrock accumulations of minerals in high enough concentrations to be of economic and social benefit.

To-date we have invested around £2.5 million exploring for battery raw materials in North East Scotland, with plans to grow the business by investing a further £3-5 million over the next two years.

We have partnered with landowners in Aberdeenshire to explore their land for minerals through exclusive access and exploration agreements covering over 7,500 hectares (75 square kilometres).

Our ongoing mineral exploration work is focused on the Arthrath Nickel-Copper-Cobalt Project in Aberdeenshire, which contains the largest nickel deposit in the UK. We are also investigating the broader mineral potential of the wider district and areas of North East Scotland considered to be geologically favourable.

Our work programmes include desktop studies, data compilation and analysis, airborne geophysical surveys, ground-based geophysical surveys, geochemical surveys, prospecting and core drilling.

In October 2023 we announced that we had received £294,000 in grant funding from the UK Government's Automotive Transformation Fund, to meet 70% of the cost of a feasibility study into innovative methods to process the minerals at the Arthrath Project. This study will investigate the potential to accelerate the production of cathode raw materials in North East Scotland for UK battery manufacturing, using more environmentally sustainable and socially acceptable approaches than the carbon-intensive, overseas supply chains on which UK industry currently relies.

In May 2024 we completed an equity financing comprising a £3 million investment by Central Asia Metals Plc (CAML) and £0.5 million investment by other existing and new shareholders. CAML has been issued share warrants to invest a further £2 million within 2 years.