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IN BRIEF: Oneiro Energy strikes loan deal with Switch CI

19th Aug 2024 20:27

Oneiro Energy PLC - London-based special purpose acquisition company focused on energy transition, primarily away from oil - Agrees to the provision of a working capital loan facility to Switch Metals Cote d'Ivoire SARL. Switch CI is the mining exploration subsidiary of Switch Metals, the Mauritian private investment company focused on battery minerals and technology metals with whom Oneiro has agreed heads of terms for Oneiro to acquire Switch CI. This was announced in June. Oneiro says up to EUR464,843 will be provided under the loan.

Current stock price: 10.10 pence

12-month change: down 8.2%

By Jeremy Cutler, Alliance News reporter

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights reserved.

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