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Akobo Minerals AB ( (DE:643) ) just unveiled an announcement.
Akobo Minerals AB has successfully closed a convertible loan financing of approximately NOK 11 million from existing shareholders to strengthen its working capital following lower-than-expected gold production in early 2025. This financing not only enhances the company’s short-term liquidity but also supports the development of a vertical shaft project, which could significantly increase production capacity and transform Akobo’s operational profile.
More about Akobo Minerals AB
Akobo Minerals is a Scandinavian-based gold producer with a strong presence in the Ethiopian mining industry. The company holds an exploration license covering 182 km2 and a mining license covering 16 km2 in the Gambela region and Dima Woreda, Ethiopia. With over 15 years of operations, Akobo Minerals has established itself as a significant player, boasting a world-class gold grade at its Segele mine. The company is committed to ESG principles and is publicly listed on the Euronext Growth Oslo and Frankfurt Stock Exchange.
Average Trading Volume: 191,505
Current Market Cap: NOK137.3M
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