Minerals Corporation (ASX:MSC) is making strides in a transformation to the cloud computing sector after shareholders agreed to the change in corporate activities by a resounding majority.
Next step is on to a capital raising aimed at attracting between $3-$5 million under the re-compliance IPO.
Minerals Corporation will then become known as PRM Cloud Solutions and gain working capital to accelerate the roll out of its Enverro workforce mobility application.
This fills a need in the marketplace for large scale capital intensive projects in the oil and gas, mining and construction sectors.
The application product, EnverroTM, was developed by PRM Cloud Solutions specifically to solve the challenges surrounding workforce mobilisation in the resources sector.
PRM has gained traction and grown to have operations across three continents, with a blue-chip client base that includes Rio Tinto, RAC, Macmahon, BGC, Downer, Seven West Media and Serco.
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