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Kibo Mining ( (GB:KIBO) ) has shared an update.
Kibo Energy PLC has announced a conditional agreement to acquire Carbon Resilience Pte Limited, which holds a portfolio of renewable energy projects with a potential capacity of over 14GW in Queensland, Australia. This acquisition aligns with Kibo’s strategy to expand its clean energy solutions and support sustainable industrial processes. The transaction, which qualifies as a reverse takeover, involves a share consolidation and requires shareholder approval. Additionally, Kibo has issued a Convertible Loan Note to fund the initial costs of the acquisition process, with plans for further fundraising to complete the transaction.
More about Kibo Mining
Kibo Energy PLC is a company involved in the industrial decarbonisation and renewable energy sector. It focuses on utility-scale projects, including onshore wind, solar, and battery energy storage solutions, primarily in Queensland, Australia. The company aims to develop large-scale clean power solutions to support various industries, including grid supply, industrial electrification, and green steel production.
Average Trading Volume: 162,637
Technical Sentiment Signal: Sell
Current Market Cap: £956.5K
See more insights into KIBO stock on TipRanks’ Stock Analysis page.