Andrew Bell, Chairman and CEO of Regency Mines (LON:RGM) joins us on today's Podcast.

On Tuesday, the company released a project update on the current implementation of first commercial coal production and also announces it has raised £306,000 to enable further acceleration of the Company's expansion plans. Full details can be found in the release below:

Andrew Bell comments: "We are very excited with the opportunity presented by the expanding coal business within Regency. Following the extensive work undertaken in recent months Regency now has access to numerous coal projects and has been structuring the transactions surrounding each with a view to maximising the return available to equity, warrant and option holders in the Company. This work has very recently identified certain additional steps that can be taken to accelerate project two into earlier production. Given the substantial benefits this acceleration will provide we have chosen to take a small amount of additional financing to secure this acceleration.

The Company is currently at a vital inflection point. With two projects now coming into coal production revenue in the very near term, the validation of our strategies will, we believe, become increasingly clear to investors. These are exciting times and the Company looks forward to providing further updates shortly."

In the podcast Andrew discusses the significance of the todays news as we consider the potential scale of the company's expanding coal business. We hope you enjoy listening:

All opinions expressed are those of MiningMaven and the respective guests, unless otherwise stated and should not be construed as investment advice or a recommendation to buy shares in any featured Company.

From time to time MiningMaven principals may take equity positions in companies featured. Listeners are advised to do their own extensive research before buying shares which, as with all small cap exploration stocks, should be viewed as high risk.

Investors should also seek the advice of a qualified investment adviser or stockbroker, as they deem appropriate.

This interview was recorded on Wednesday 3rd May 2017.

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