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Atlantis Resources eyes Eastern promise

Tidal power group Atlantis Resources Ltd (LON:ARL) is eyeing eastern expansion after securing an investment in its flagship project in Scotland.
Chief executive Tim Cornelius said Atlantis was attracting interest from infrastructure investors in China, South Korea, India, the US and Europe after selling a 2% stake in Tidal Power Scotland to offshore construction group DEME Concessions NV for £2mln.
Cornelius added that the UK's EU referendum decision had not affected its European Union funding.
"Whilst the 'Brexit' decision was unfortunate, all the schemes in the project funding lines remain undisturbed, which is obviously good for us and our investors," he said.

Quick facts: SIMEC Atlantis Energy

Price: 23.875 GBX

Market: AIM
Market Cap: £117.39 m

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on 11/5/18

2 min read