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Akora Resources Ltd. ( (AU:AKO) ) has shared an announcement.
Akora Resources Ltd has successfully completed a share placement, issuing 3,000,000 ordinary shares to a sophisticated investor at $0.10 per share, raising AUD 300,000. This financial maneuver is part of their strategy to advance the Bekisopa Iron Ore Project, which aims to produce high-grade ore for sustainable steel production, thereby strengthening Akora’s position in the iron ore industry.
More about Akora Resources Ltd.
AKORA Resources Ltd (ASX: AKO) is an Australian resources company focused on developing high-grade iron ore projects in Madagascar. The company’s flagship project, Bekisopa, has a substantial iron ore resource capable of producing a premium-grade concentrate suitable for greener steelmaking technologies.
YTD Price Performance: 35.00%
Average Trading Volume: 57,626
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$18.03M
Find detailed analytics on AKO stock on TipRanks’ Stock Analysis page.
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