The special coins were originally designed to be minted in time for Britain’s departure from the EU on October 31.
Limited edition Brexit 50p coins, dated October 31 2019, are set to be shredded and melted down after the UK’s departure from the EU was delayed by three months.
The special coins were originally designed to be minted in time for Britain leaving the trading bloc this Friday.
However, today the Treasury confirmed these coins would be recycled now that the EU has agreed a Brexit extension with the UK Government.
A HM Treasury Spokesman said: “We will still produce a coin to mark our departure from the European Union, and this will enter circulation after we have left.”
According to the Royal Mint website, precious metals, such as 50p coins, are sorted and shredded before being melted down. Metals are then purified and solidified before being turned into new products.
The cost of designing and producing the commemorative coins will be met by the Royal Mint out of its own revenues at no cost to the taxpayer.
Chancellor Sajid Javid had asked officials to look at whether it would be possible to produce the coins in volume ready for the UK’s scheduled EU leaving date of October 31.
Former chancellor Philip Hammond had planned a limited edition of around 10,000 commemorative coins to be sold to collectors for £10 each.
Mr Javid’s revised the proposal for the coins to be produced for mass circulation. This was portrayed as a statement of intent that the Treasury was fully behind Brexit.
The coins will carry the words “Friendship with all nations”, but will be stamped with a new departure date — currently set to be January 31 2020.
NEW YORK--(BUSINESS WIRE)--Jan 12, 2026--
Global Critical Resources Corporation (GCR) today announced the appointment of Matthieu Bos as a Member of its Advisory Board. Mr. Bos is a seasoned executive with more than fifteen years of experience in the mining and banking industries.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260112354990/en/
Mr. Bos is currently the President and Chief Executive Officer of Falcon Energy Materials Plc (TSX: FLCN) (Falcon), an anode material development company. Backed by La Mancha Fund, Falcon is building a battery material plant in the Kingdom of Morocco.
Prior to joining Falcon, Mr. Bos served as Executive Vice President Africa of Ivanhoe Mines (TSX:IVN) (Ivanhoe), a leading Canadian diversified mining company which has developed the Kamoa-Kakula Copper Project in the Democratic Republic of Congo. His responsibilities included corporate development, investor relations, concentrate marketing, and government relations. Mr. Bos also helped Ivanhoe secure more than $3 billion in financing and investment. Mr. Bos began his career in the metals and mining group of BMO Capital Markets.
Mr. Bos also has an impressive track record of advising companies in the natural resources sector. He will continue to serve on the board of Hercules Metals (TSX:BIG), an Idaho-focused copper exploration company, and SRQ Exploration (TSX:SRQ), a Quebec-focused nickel exploration company. Mr. Bos was previously Non-Executive Director at Elemental Altus Royalties, a precious metals royalty company which attracted the first investment in the mining sector from the Tether stablecoin, and Shanta Gold, an East African gold producer.
Mr. Bos holds a Master of Science degree in Metallurgy and a Bachelor of Science degree in Mining Engineering, both from the Delft University of Technology. He speaks Dutch, English, and French.
“We are excited to welcome Matthieu to our team. His considerable experience and track record of success in the mining industry across Africa and the world will help bring GCR to its next chapter of growth,” said GCR’s Executive Chairman Cevdet Caner.
GCR Chief Executive Officer Richard Bunning said, “Matthieu’s appointment demonstrates our commitment to building a world-class advisory team with deep technical, operational, and geopolitical expertise. His leadership and unique perspective will accelerate the execution of our strategic vision.”
Mr. Bos stated, “I am honored to join GCR’s Advisory Board at such a pivotal time for the company. I look forward to working with Cevdet, Richard, and rest of GCR’s first-class team as they create a strong foundation for long-term success in this critical industry.”
Global Critical Resources Corporation (GCR) is a U.S.-registered producer of the critical metals that power modern life with assets in Africa and South America. GCR’s Executive Chairman, Austrian entrepreneur Cevdet Caner, has over two decades experience investing in the mining and property sectors and is the founder of several multi-billion-dollar real estate and natural resource companies.
Matthieu Bos, Advisory Board Member, Global Critical Resources Corporation
