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Echo Energy ( (GB:NTVO) ) has provided an announcement.
Nativo Resources plc has secured a £2 million funding package from YA II PN Ltd, managed by Yorkville Advisors Global, LP. This package includes a £200,000 equity investment, a £1.8 million unsecured Convertible Loan Note, and an At-The-Market equity issuance facility. The funding will support the resumption of mining at the Bonanza Gold mine, the construction and commissioning of the La Patona Gold Ore Processing Plant, and a feasibility study for a tailings deposit. The initiative is expected to enhance Nativo’s operational capabilities and strengthen its market position in the gold mining sector.
More about Echo Energy
Nativo Resources plc is a gold-focused mining company with interests in Peru. The company engages in primary gold mining, gold ore processing, and the recovery of gold from tailings. Nativo is focused on scaling operations at the Tesoro Gold Concession, particularly at the Bonanza and Morrocota mines, and aims to use free cash flow and future funding to invest in Bitcoin as a long-term treasury reserve asset.
Average Trading Volume: 39,642,963
Technical Sentiment Signal: Sell
Current Market Cap: £2.02M
See more insights into NTVO stock on TipRanks’ Stock Analysis page.