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Oneiro Energy PLC ( (GB:SWT) ) has provided an update.
Switch Metals plc, formerly Oneiro Energy plc, announced its audited results for the 11-month period ending December 2024, highlighting its transition to a mining company with the acquisition of Switch CDI. The acquisition, completed in April 2025, positions Switch Metals as a significant player in the technology and battery minerals sector in Côte d’Ivoire. The company aims to develop ethical tantalum production at its Issia Project to generate initial cash flow and reduce future fundraising needs. The launch of an exploration program at the Badinikro Permit of the Issia Project marks a significant step in its strategic plan, with further updates expected at the upcoming AGM.
More about Oneiro Energy PLC
Switch Metals plc is a mining company focused on technology and battery minerals in Côte d’Ivoire, one of Africa’s most attractive mining jurisdictions. It is the largest landholder in the country, covering tantalum, lithium, and other critical metal prospects. The company’s core assets include the Issia, Bouaké, and Tiassalé projects, with a focus on ethical tantalum production from shallow coltan placer deposits at Issia.
Average Trading Volume: 38,174
Technical Sentiment Signal: Sell
See more insights into SWT stock on TipRanks’ Stock Analysis page.