Errawarra Resources Ltd. ( (AU:ERW) ) has provided an announcement.
Errawarra Resources Ltd has completed the first tranche of its two-part capital raise, issuing 23,380,166 fully paid ordinary shares at $0.027 per share, as part of a $3 million capital raising effort. The second tranche will require shareholder approval in May 2025. This capital raise is expected to support the company’s ongoing exploration and development activities, potentially enhancing its strategic positioning in the resource sector.
More about Errawarra Resources Ltd.
Errawarra Resources Ltd (ASX:ERW) is a Western Australian-focused company specializing in precious and base metals. The company is engaged in the exploration and development of the Elizabeth Hill high-grade silver deposit in the West Pilbara region. Additionally, Errawarra holds interests in the Andover West Lithium Project and the Pinderi Hills Lithium Project, as well as gold, copper, and graphite prospects at its Errabiddy Project in the Gascoyne region.
YTD Price Performance: 20.0%
Average Trading Volume: 403,268
Technical Sentiment Signal: Hold
Current Market Cap: A$5.76M
See more data about ERW stock on TipRanks’ Stock Analysis page.