MED Announces Share Lock-In and Pyebridge Progress

Mast Energy Developments PLC (GB:MAST) has released an update.

Mast Energy Developments PLC (MED) has announced a strategic lock-in of shares with RiverFort Global Opportunities and provided an optimistic update on its Pyebridge 8.1MW power generation asset, which includes a submission for a Capacity Market contract that could enhance the site’s gross profit. The company also reports steady progress on refurbishing a second generator set and anticipates releasing a revenue update soon.

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