Xtract Resources

Xtract Resources plc (former names: Resmex plc and Xtract Energy plc) is a diversified metals and minerals producer based in London, United Kingdom. The company's shares are traded on London Stock Exchange Alternative Investment Market. Its CEO is Jan Nelson. The primary focus of the company is gold and copper exploration and mining. The company's main assets are located in Chile, Mozambique, and South Africa.

History

The company was established in October 2004 as Resmex plc. In March 2005, its shares were listed on London Stock Exchange Alternative Investment Market.

In August 2005, Resmex acquired Sermines de Mexico S.A. de C.V., which owned mineral exploration and development rights in three concessions in the California–Sonora Gold Belt in Mexico. In 2006, it acquired Xtract Oil Limited, an Australian oil shale company developing the Julia Creek oil shale deposit, from Intermin Resources Limited. To finance this deal, it issued new shares to Cambrian Mining, which became the major shareholder of Resmex. Correspondingly, the company changed its name to Xtract Energy, starting from 2 May 2006.