Contango Holdings Plc (GB:CGO) has released an update.
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Contango Holdings Plc has announced a strategic financial boost for its Muchesu coal project in Zimbabwe, securing £1.576 million through a new share subscription agreement and an advance of $1 million from investor Huo Investments. Additionally, the company is bolstering its operations with the imminent arrival of new heavy-duty excavators, a wash plant with enhanced capacity, and other capital equipment. CEO Carl Esprey expressed confidence in the significant operational enhancements and future growth prospects of the project.
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