M3 Mining announced progress in its efforts to secure a primary energy asset in the Middle East North Africa region.

The company's due diligence on the advanced exploration and pre-development project is well advanced, signalling substantial investment and interest in the energy sector.

The asset being considered has producing fields on its borders and established pipelines, with the potential for early production opportunities.

The company is also in discussions with off-take groups, commercial banks, and corporate finance firms to support the acquisition and development of the project.