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Echo Energy ( (GB:NTVO) ) has provided an update.
Nativo Resources plc has announced the conversion of a portion of its convertible loan notes into equity by Spartan Fund Limited, reducing its debt and interest obligations. This conversion will result in the issuance of 21,276,595 new ordinary shares, which are expected to be admitted to trading on AIM by 19 November 2025. The move reflects confidence in Nativo’s projects in Peru and enhances its financial structure by lowering debt, potentially strengthening its market position and offering implications for stakeholders as the company continues to focus on its gold mining operations and strategic financial management.
More about Echo Energy
Nativo Resources plc is a gold-focused mining company with interests in Peru. Its strategy revolves around primary gold mining, gold ore processing, and the recovery of gold from tailings. The company is actively developing several projects and is focused on scaling operations at the Tesoro Gold Concession, particularly the Bonanza and Morrocota mines. Nativo also plans to allocate portions of its free cash flow and future fundraises to Bitcoin purchases, holding it as a long-term treasury reserve asset.
Average Trading Volume: 28,067,771
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.88M
Find detailed analytics on NTVO stock on TipRanks’ Stock Analysis page.