Providence resists early joint-venture approaches for new green energy division

Providence Resources has already been approached by companies interested in coming on board as part of a joint-venture agreement around its newly-formed green energy side project.

However, it is understood the Tony O'Reilly Jr-headed exploration company is opting to hold off on such a deal given the new division is at such an early stage. In time, Providence could seek a separate IPO for the newly-registered Providence Renewables DAC or sell the business division.