Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest announcement is out from Echo Energy ( (GB:NTVO) ).
Nativo Resources Plc has announced a General Meeting to seek shareholder approval for a resolution that would allow the company to issue shares up to approximately £970,000 on a non-pre-emptive basis. This move is crucial for securing the necessary capital to maintain business continuity and advance their gold mining projects in Peru. The company has improved its balance sheet through debt restructuring and aims to attract institutional investment to accelerate gold production and pursue a digital asset strategy. The funding will enable Nativo to complete sub-surface works at the Bonanza and Morrocota mines, finalize the design of a processing plant, and conduct detailed analysis of a tailings deposit, all of which are vital for moving toward production and cash flow.
More about Echo Energy
Nativo Resources Plc is a gold-focused mining company with interests in Peru. The company’s strategy revolves around primary gold mining, gold ore processing, and the recovery of gold from tailings. Nativo aims to scale operations on the Tesoro Gold Concession, particularly focusing on the Bonanza and Morrocota mines. Additionally, the company plans to allocate portions of free cash flow and future fundraises to Bitcoin purchases, holding it as a long-term treasury reserve asset.
Average Trading Volume: 39,003,502
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.54M
For an in-depth examination of NTVO stock, go to TipRanks’ Overview page.