Mast Energy Developments PLC (GB:MAST) has released an update.
Mast Energy Developments PLC (MED) has announced the initiation of the second phase of their Pyebridge asset’s work program, with an 8-week timeline for refurbishing one genset to enhance revenue generation. Additionally, MED has confirmed capitalization and share issuance involving director Pieter Krügel, plus a new loan agreement with RiverFort to support ongoing projects and working capital. These strategic financial maneuvers aim to accelerate the company’s growth in the flexible power market and optimize operational capacity.
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