Edenville Energy (GB:SKA) has released an update.
Shuka Minerals Plc, an African mine operator, announced its 2023 annual results, highlighting a year of significant transformation with management changes, strategic financial commitments, and a focus on future acquisitions. The company successfully raised £1.468 million at 5.0 pence per share and entered into a £2 million unsecured convertible loan note agreement to fund working capital and due diligence for potential acquisitions. Despite operational challenges at the Rukwa coal asset, with production at 18,520 tonnes and sales of $194,346, Shuka Minerals is positioning itself for growth in 2024 and beyond.
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