Contango Holdings (AIM:CGO) has settled all outstanding investor loans following receipt of a £5m subscription on 27 August.
The AIM-listed coal mining company, which operates the Muchesu coal-to-energy project in Zimbabwe, said the repayment has significantly strengthened its working capital position.
The company now expects to be funded through to mid-2027 without further external support.
Contango also expects an additional $2m royalty payment by the end of 2026, which it says would put it in a position to pay a maiden dividend to shareholders.
The company plans to file its audited accounts for the year ended 31 May by the end of September, in line with its Listing Rules obligations.
