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Aminex plc ( (GB:AEX) ) just unveiled an update.
Aminex plc has raised approximately $3.94 million through a strategic placing to fund its operations until it begins receiving revenue from the Ntorya gas field, expected in September 2026. This move, alongside the conversion of existing debt into equity, leaves the company debt-free and positions it to capitalize on the Ntorya development, which is anticipated to have a substantial impact on Tanzania’s energy landscape by providing a reliable gas supply and reducing reliance on polluting fuels.
More about Aminex plc
Aminex plc operates in the energy sector, focusing on the exploration and production of oil and gas. The company is primarily involved in the development of the Ntorya gas field in Tanzania, which is expected to significantly contribute to the country’s energy supply and security.
Average Trading Volume: 5,243,971
Technical Sentiment Signal: Strong Buy
Current Market Cap: £81.22M
See more data about AEX stock on TipRanks’ Stock Analysis page.