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The latest update is out from Akora Resources Ltd. ( (AU:AKO) ).
Akora Resources Limited has successfully placed the shortfall from its recent Entitlement Offer, raising $1,138,543. This funding will enable the company to advance its Bekisopa Iron Ore Project in Madagascar, including progressing a Memorandum of Understanding with the government, commencing a Feasibility Study, and continuing environmental and licensing activities. The company is also engaging with strategic investors, which could further enhance its industry positioning and stakeholder value.
More about Akora Resources Ltd.
AKORA Resources (ASX: AKO) is an Australian resources company focused on the development of four high-grade iron ore projects in Madagascar. The company’s flagship Bekisopa Iron Ore Project boasts a 194.7 million tonne Inferred JORC Resource capable of producing a premium-priced +68% Fe concentrate, suitable for greener steel production using Direct Reduced Iron-Electric Arc Furnace technology.
Average Trading Volume: 110,696
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$14.74M
See more insights into AKO stock on TipRanks’ Stock Analysis page.