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Echo Energy ( (GB:NTVO) ) has issued an update.
Nativo Resources Plc has entered into an agreement to issue 315,000 interest-free convertible loan notes to raise £300,000. The funds will support the company’s gold mining projects in Peru, including resuming operations at Bonanza and starting at Morrocota, as well as advancing a feasibility study on a tailings project. This financial move is expected to enhance Nativo’s operational capabilities and strengthen its position in the gold mining industry.
More about Echo Energy
Nativo Resources Plc is involved in gold mining and exploration projects in Peru. The company operates through a joint venture and has a 100% interest in the Morrocota Gold Mine. Nativo plans to establish its own gold ore processing plant and is exploring opportunities to recover gold and silver from regional tailings.
Average Trading Volume: 3,030,259
Technical Sentiment Signal: Strong Sell
Current Market Cap: £466.6K
See more insights into NTVO stock on TipRanks’ Stock Analysis page.