Brief: Akobo Minerals Addresses Operational Challenges

Akobo Minerals AB (publ)

02/05/2024 12:33

May 2 (Reuters) - Akobo Minerals AB (publ)  AKOBO.OL :
    * AKOBO MINERALS ADDRESSES OPERATIONAL CHALLENGES AND
ADVANCES
TOWARDS PRODUCTION
    * NATIONWIDE DIESEL SHORTAGES AND CUSTOMS CHANGES FOR DUTY
FREE
IMPORTS SIGNIFICANTLY IMPACTED OPERATIONS IN RECENT MONTHS
    * RAPIDLY EVOLVING SITUATION PROVED MORE CHALLENGING THAN
ANTICIPATED
    * PRODUCTION START-UP TIMING IS STILL UNCERTAIN BUT EXPECTED
PUSHED TO JULY/AUGUST
    * ACTIVELY REDUCED SITE ACTIVITY TO MINIMIZE CASH BURN RATE
IN
DELAY PERIOD

Source text for Eikon:  ID:nWkr3Td1Zf 
Further company coverage:  AKOBO.OL 

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