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Earth’s Energy Faces Shareholder Push for Board Change

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Confident Investing Starts Here:

Cradle Resources Limited ( (AU:EE1) ) just unveiled an announcement.

Earth’s Energy Limited has received a notice under section 249D of the Corporations Act from shareholders associated with Stephen Biggins, requesting a general meeting to vote on the removal of Grant Davey as a director. The company is assessing the notice’s validity and will adhere to legal obligations, keeping shareholders informed of developments. This move could impact the company’s governance and strategic direction, given the significant shareholder interests involved.

More about Cradle Resources Limited

Earth’s Energy Limited (ASX: EE1) is a leading geothermal explorer and developer in Australia, focusing on the production of green baseload power. The company holds significant interests in the Paralana and Flinders West geothermal projects in South Australia, as well as projects in Queensland. These projects are among the most advanced in Australia, with potential for large-scale geothermal power generation and carbon capture.

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €3.04M

For an in-depth examination of EE1 stock, go to TipRanks’ Stock Analysis page.

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