Kendrick Resources PLC
LLSE:KEN4.90
GBX
-0.20
(-3.92%)
ISIN
GB00BNBQZW49
Return %
Stock
S&P 500
1Y
1,431.25
14.20
3Y
716.67
81.12
5Y
- -
68.34
Capital Structure
GBP
•
in mil. unless spec.Working Capital
GBP
•
in mil. unless spec.Growth Rates
GBP
•
in mil. unless spec.Semi-annual Revenue
GBP
•
in mil. unless spec.Semi-annual Earnings Per Share
GBP
•
in mil. unless spec.Semi-annual Dividends Per Share
GBP
•
in mil. unless spec.Company Description
- CEO
- Martyn John Churchouse
- Full Time Employees
- 5
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 7/8 Kendrick Mews London GL United Kingdom SW7 3HG
- IPO Date
- May 6, 2022
- Website
- kendrickresources.com
- Similar Companies
- Business
- Kendrick Resources PLC is a mineral exploration and development company focused on advancing a portfolio of battery metals projects primarily in Scandinavia. The company specializes in the exploration and development of nickel, vanadium, and copper mineral resources across advanced-stage projects in Norway, Sweden, and Finland. Its main projects include the Airijoki and Koitelainen vanadium projects in Sweden and Finland respectively, the Espedalen nickel-copper project in Norway, and several exploration licences in Sweden such as Njuggtraskliden, Mjovattnet, Kullberget, Simesvallen, and Sumassjon. Kendrick Resources aims to supply critical raw materials to the growing European battery manufacturing sector, contributing to sustainable, low-carbon battery production and supporting the green energy transition. The company targets markets that include battery manufacturers and related industries, with operations strategically located to leverage Scandinavia’s rich resources and infrastructure. Founded and headquartered in the United Kingdom, Kendrick Resources focuses on creating long-term shareholder value by advancing its projects towards production and resource expansion. In recent developments, Kendrick Resources has expanded its strategic footprint beyond Scandinavia by exercising an option to acquire the Blue Fox Licence in northwest Zambia, committing to invest at least USD 500,000 in exploration over 30 months. This move represents a deliberate diversification into Southern Africa, broadening the company’s resource portfolio in regions where it holds expertise. In Scandinavia, the company has reported significant progress in nickel and vanadium exploration, including the confirmation of additional vanadium mineralisation at the Airijoki project and promising drilling results at the Espedalen nickel-copper deposit. Kendrick also completed the acquisition of EV Metals AB, which holds nickel exploration licenses in Sweden, and issued shares worth GBP 4.4 million to fund its Norwegian projects acquisition. These recent actions underscore Kendrick’s strategic commitment to strengthening its resource base in key battery metal commodities and regions critical for European battery supply chains. Kendrick Resources operates within the mining and quarrying sector, specifically focusing on non-ferrous metal ores used in batteries and alloy production. Its vanadium products, produced as high-grade vanadium magnetite concentrates, are used in steel and aluminium alloys, energy storage solutions such as redox flow batteries, and increasingly in electric vehicle batteries. Nickel and copper extracted from its projects serve the growing needs of the electric vehicle and battery manufacturing industries, positioning the company as a key participant in the low-carbon economy transition. The company maintains a focus on sustainability and efficient, cost-effective production by leveraging Scandinavia’s renewable energy resources and infrastructure advantages. Overall, Kendrick Resources PLC, founded and headquartered in the UK, operates advanced-stage exploration and development projects for nickel, vanadium, and copper in Scandinavia with an expanding presence in Southern Africa. The company pursues a strategy of project acquisition, resource expansion, and capital raising to support its objective of becoming a leading supplier of critical battery metals in Europe and beyond, responding to the rising demand for sustainable battery materials driven by electric vehicle growth and clean energy development. Recent operational advances include resource drilling successes, acquisition of new exploration licenses, issuance of shares for funding, and geographic expansion into Zambia to diversify its asset base.