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MEC Resources Ltd ( (AU:MMR) ) has issued an update.
MEC Resources Ltd has announced its quarterly report for the period ending June 30, 2025, highlighting an additional investment in Advent Energy Ltd. The company advanced $750,000 to Advent as part of a loan agreement, with plans to continue exploring new investment opportunities within its mandate. MEC holds a 37.95% non-controlling interest in Advent, which is involved in the PEP11 Joint Venture with Bounty Oil and Gas NL. The joint venture recently received notice that its applications were refused, but the PEP-11 permit remains in force for a limited period. This development could impact MEC’s strategic positioning and its stakeholders’ interests in the energy sector.
More about MEC Resources Ltd
MEC Resources Ltd is a registered Pooled Development Fund with an investment mandate focused on small and medium-sized exploration entities, particularly in the energy and mineral resources sector. The company aims to provide shareholders with exposure to early-stage unlisted Australian exploration businesses, offering potential returns greater than traditional investments.
Current Market Cap: A$9.25M
For a thorough assessment of MMR stock, go to TipRanks’ Stock Analysis page.