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AIC Mines Limited ( (AU:A1M) ) just unveiled an update.
AIC Mines has announced the opening of a Share Purchase Plan (SPP) to raise up to $10 million, allowing eligible shareholders to purchase shares at $0.30 each without brokerage fees. This follows a successful $55 million placement to institutional investors, with funds aimed at expanding the Eloise processing plant, developing the Jericho copper mine, and conducting exploration drilling.
The most recent analyst rating on (AU:A1M) stock is a Buy with a A$0.62 price target. To see the full list of analyst forecasts on AIC Mines Limited stock, see the AU:A1M Stock Forecast page.
More about AIC Mines Limited
AIC Mines is an Australian resources company focused on growth through the exploration, development, and acquisition of gold and copper assets. The company owns the Eloise copper mine in North Queensland and is advancing exploration projects for copper and gold.
Average Trading Volume: 1,880,798
Technical Sentiment Signal: Sell
Current Market Cap: A$219.1M
For an in-depth examination of A1M stock, go to TipRanks’ Overview page.