Aminex plc (LSE:AEX) has secured approximately $3.94 million through a strategic share placement designed to support operations until revenue begins flowing from the Ntorya gas field, projected to commence in September 2026. In conjunction with the placement, the company has also converted existing debt into equity—leaving Aminex debt-free and better positioned to advance the Ntorya project.
The Ntorya gas field is expected to play a major role in transforming Tanzania’s energy sector by delivering a stable supply of natural gas and reducing dependence on high-emission fuel sources. This funding marks a key milestone in Aminex’s plan to transition toward sustainable and profitable production.
About Aminex plc
Aminex plc is an energy exploration and production company focused on oil and gas assets, with its primary operations centered in Tanzania. The firm’s flagship Ntorya gas field development aims to strengthen Tanzania’s energy infrastructure, enhance supply security, and contribute to the nation’s cleaner energy future.
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