Kibo Mining (GB:KIBO) has released an update.
Kibo Energy PLC’s subsidiary, Mast Energy Developments (MED), has published its audited financial results for the year ending December 31, 2023. Despite setbacks including a terminated joint venture agreement and technical challenges at its Pyebridge site, MED has secured new funding and energy contracts, ensuring a minimum gross profit margin income until 2028 and promising a positive outlook for its portfolio growth.
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