Adavale Resources Limited (AU:ADD) has released an update.
Adavale Resources Limited has successfully raised $550,000 to expedite uranium exploration in South Australia, including a drilling program and the acquisition of uranium rights on the Wirrulla Project near the Narlaby palaeochannel. The funding was obtained through a placement supported by both new and existing investors and will enhance the company’s exploration endeavors. Additionally, the company has welcomed Nic Matich as a new Non-Executive Director, bringing valuable resource sector experience to the team.
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