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The latest update is out from OAR Resources Ltd ( (AU:CR3) ).
Core Energy Minerals Ltd announced a successful capital raising of $2.75 million through a placement of new shares, supported by both existing and new investors, including a significant investment from Jose Luis Manzano and a new Swiss investor. The funds will be used for exploration programs in South Australia, Brazil, and Namibia, as well as for acquiring the Itambe Rare Earth Project in Brazil, which is expected to enhance the company’s exploration capabilities and market positioning in the critical minerals sector.
More about OAR Resources Ltd
Core Energy Minerals Ltd (ASX:CR3) is a critical mineral exploration company with a portfolio focused on critical minerals and uranium assets in top-tier mining jurisdictions. The company is actively advancing projects in Brazil, Australia, and Southern Africa, with a particular focus on rare earth elements and uranium projects in Brazil and Australia, as well as uranium projects in Namibia.
Average Trading Volume: 2,026,225
Technical Sentiment Signal: Sell
Current Market Cap: A$4.62M
See more insights into CR3 stock on TipRanks’ Stock Analysis page.