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Quadrise Fuels CEO talks funding as they focus on commercial project delivery

Mike Kirk, chief executive of Quadrise Fuels International PLC (LON:QFI), updates Proactive London's Andrew Scott on discussions that he says are ongoing to secure new funds to help capitalise on recent business development progress in Kuwait, Saudi Arabia and China.

Kirk says by topping up the cash coffers now it will allow the continuation of business development initiatives and ultimately help them deliver commercial projects.

Quick facts: Quadrise Fuels International PLC

Price: 1.375 GBX

LSE:QFI
Market: LSE
Market Cap: £13.92 m
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Quadrise Fuels extends cash resources to mid-Q2 next year as progress is...

Quadrise Fuels International's (LON:QFI) Mike Kirk tells Proactive London's Andrew Scott they've been able to find an additional £500k or so of additional cost savings which allows them to extend its cash runway to mid-Q2 next year. ''This is a significant development for us given the impact...

3 weeks, 1 day ago

2 min read