Oneiro Energy Advances Sustainable Mining Ambitions

Oneiro Energy PLC (GB:ONE) has released an update.

Oneiro Energy PLC has reported a reduced net loss of £175,877 for the first half of 2024, an improvement from the previous year, while maintaining a debt-free profile with £636,083 in cash reserves. The company is progressing with its strategic pivot towards sustainable energy systems through the proposed acquisition of Switch Metals Côte d’Ivoire Sarl, which possesses a diverse portfolio of battery minerals and technology metal assets. Additionally, Oneiro has provided a working capital facility to Switch Metals to advance exploration activities, with the transaction potentially completing by the year’s end.

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