Oneiro Energy Backs Exploration with Strategic Loan

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

Oneiro Energy PLC has secured a loan facility of up to €464,843 to fund the ongoing mining exploration activities of Switch Metals Côte d’Ivoire SARL within the year. The loan, bearing a 5% interest rate, will convert to an intercompany loan or require repayment upon the earlier of the deal closing or a 6-month term. This strategic financial move supports Oneiro’s acquisition plans and strengthens its position in the energy transition sector.

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