Nativo Resources Secures Funding for Gold Mine Expansion

Echo Energy (GB:NTVO) has released an update.

Nativo Resources Plc has announced a financing round to raise £412,000 through the issuance of new ordinary shares, aiming to enhance gold production in Peru and provide operational funding until Q2 2025. Additionally, a Broker Option could potentially bring in an extra £100,000, prioritizing existing shareholders. The funds are earmarked for expanding the Tesoro Gold Mine, developing a new shaft, and establishing a gold processing plant.

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