Business
Financial Results for the Year Ended 30 Novem...
Financial Results for the Year Ended 30 Novem....
About this update from Oscillate Plc
Oscillate PLC(“Oscillate” or the “Company")ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 NOVEMBER 2024Chairman’s StatementDear Shareholders,I am pleased to report on Oscillate Plc (the “Company”) and its subsidiaries (the “Group”) results for the year to 30 November 2024 and the recent developments in the investment portfolio.It has been an important year for the Company and your board are working hard to make sure the current year is even more significant. During the year the Company acquired Quantum Hydrogen Inc, a natural and white hydrogen resource company exploring speciality gases, based in Houston, USA. Quantum recently signed a three-year agreement to explore natural hydrogen in the Minnesota Iron Range in the USA and continues to evaluate new opportunities.The Directors have been successful in their efforts to minimise the operating costs of Company and the Group. We are committed to the majority of the Company and Group’s funds being used to enhance shareholder value. The Group’s cash position at the end of the year, was £1,587,903 compared with £1,101,259 in the previous year. An increase of £486,644.The Board was delighted to welcome Robin Birchall as CEO and Max Denning as Non-Executive Director.Robin Birchall has more than twenty-five years of experience in the financing and management of resource companies. Mr. Birchall is currently the Non-Executive Chairman of Evolution Energy Minerals Ltd. and previously was Non-Executive Chairman of Awale Resources Ltd. Mr. Birchall was Chief Executive Officer & Director at Giyani Metals Corp. Before that he was the Executive Chair of Silver Bear Resources. Mr. Birchall was also a Non-Executive Director of Helium One Global. Previous roles include former Chief Executive Officer of a private oil and gas E&P company as well as Vice President Investment & Corporate Banking with BMO Capital Markets, where he completed a variety of high-profile transactions for resource companies. Prior to BMO Capital Markets, Mr. Birchall was Vice President Corporate Finance at Canaccord Adams Ltd. Mr. Birchall earned an MBA from the University of Cape Town, a MSc in European and International Politics from Edinburgh University, a Première Degré en Langues Literature et Civilisation, from Stendahl Université and a BA from Queens University.Max Denning is a mining executive with over a ...