Admiralty Resources NL (AU:ADY) has released an update.
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Admiralty Resources NL is launching a pro-rata entitlement offer to raise approximately $7 million, aimed at funding its mineral exploration projects, including the Mariposa Iron Ore Project in Chile set to commence production in 2024. The company, listed on the Australian Securities Exchange, holds mineral interests in both Chile and Australia, with significant resources in iron ore and stakes in cobalt and nickel projects. Investors are keenly watching Admiralty’s strategic moves as it seeks to boost production capacity by 2025.
For further insights into AU:ADY stock, check out TipRanks’ Stock Analysis page.
