Kibo Mining (GB:KIBO) has released an update.
Kibo Energy PLC reports its subsidiary Mast Energy Developments PLC (MED) is advancing on schedule with the overhaul of the Pyebridge site’s first genset, anticipating increased revenue generation. The company is in active discussions with potential funders for project capital expenditures to bring other construction-ready sites into production. Additionally, after terminating a Joint Venture Agreement (JVA) with Proventure due to unremedied breaches, MED is exploring legal options to recover owed default penalties.
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