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