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Echo Energy ( (GB:NTVO) ) has issued an update.
Nativo Resources plc has restructured its debt by canceling a £1.0 million loan with Spartan Fund Limited, converting it into a new convertible loan note of £605,250, which matures in January 2028. This restructuring alleviates significant repayment pressure, allowing the company to focus on its gold mining operations and upcoming projects in Peru, potentially strengthening its financial position and appealing to new shareholders.
More about Echo Energy
Nativo Resources plc is engaged in gold mining and exploration projects in Peru. It operates through a 50:50 joint venture at the Tesoro Gold Concession and is set to acquire a 100% interest in the Morrocota Gold Mine. The company plans to establish its own gold ore processing plant and holds the Ana Lucia Polymetallic concession, exploring strategies for gold recovery from tailings deposits.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.26M
Learn more about NTVO stock on TipRanks’ Stock Analysis page.
