Aminex Clear the Decks — Ready for Lift-Off

Ntorya enters full construction mode as Aminex positions for take-off

Today’s raise isn’t dilution — it’s preparation.

Aminex has just removed its final financial overhang and positioned itself for the execution phase with precision.

Here’s what the RNS really means:

• Fully funded to first gas. The £2.925m raise covers all running costs through to revenue in 2026. No more funding uncertainty.

• Debt-free. Eclipse’s $1.5m loan (plus interest) is being converted to equity. The company owes nothing.

• Cornerstone backing. Eclipse increased its stake to 27.43%. They’re not just talking conviction — they’re showing it.

• Strategic timing. You don’t clean up the balance sheet like this unless you’re preparing to execute. With the pipeline build locked in and the rig tender now entering the award phase, this was the final move before momentum builds.

This is how professional operators position before lift-off — no loose ends, no distractions.

Ntorya’s development is fully funded, fully carried, and now fully aligned between partners.

The rig award, spud, and production build-out will all follow a straight path from here.

The decks are clear. The engines are starting.

Article thanks to Prospero

Momentum Builds: Aminex Focused on Delivery

Ntorya pipeline moves ahead as East Africa’s largest onshore gas project takes shape

Aminex has taken to social media to underline just how far things have come in the last six months — and just how close we are to seeing first gas. The company’s latest update highlights the transition from preparation to delivery, with Ntorya now firmly in construction.

Construction Under Way

The award of the Ntorya-Madimba pipeline contract is the pivotal milestone. Procurement has already begun, groundworks are scheduled for early 2026, and commissioning is targeted for mid-year. This isn’t planning on paper — it’s execution on the ground.

As Aminex noted:

“The Ntorya Gas Development has now advanced definitively into its construction phase… This milestone has in turn catalysed wider activity on the ground and across the project.”

An Expanded Vision

In parallel, operator APT has submitted a revised Field Development Plan. This is no small tweak. It lays out:

• A 35-year production horizon

• A phased development approach

• A materially higher long-term gas plateau than previously envisaged

The scale is transformative. Ntorya has the potential to deliver more gas than Tanzania currently produces as a nation, underpinning power generation, industry, and economic growth for decades to come.

From Restructure to Revenue

The past few years were about restructuring and positioning. That stage is now complete. Aminex is entering the second half of 2025 with:

• A clear pipeline construction schedule

• Strong operator and government support

• A free carry through development to material revenues

The focus is now squarely on delivery and value growth.

Ntorya: A Central Role in Tanzania’s Future

As Aminex put it:

“As the largest onshore gas development in East Africa, supported by a stable regulatory environment, expanding domestic demand, and long-term licence tenure, Ntorya positions Aminex to play a central role in Tanzania’s energy future.”

That’s the big picture. Aminex isn’t simply progressing a gas project — it is part of a national transformation.