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An announcement from Alvo Minerals Limited ( (AU:ALV) ) is now available.
Alvo Minerals Limited has successfully raised approximately $2.26 million through a placement to accelerate exploration activities at its Palma Cu-Zn Project in Central Brazil, particularly focusing on the newly discovered Touro Prospect. The funding will also support the evaluation of its Ionic Clay Rare Earth Element Projects. This strategic move is expected to enhance Alvo’s exploration capabilities, potentially leading to significant growth and value creation for shareholders.
More about Alvo Minerals Limited
Alvo Minerals Limited is an exploration company operating in the mining industry, primarily focusing on copper and zinc projects. The company is actively involved in the Palma Cu-Zn Project in Central Brazil and is also evaluating rare earth element projects at Bluebush and Ipora.
Average Trading Volume: 2,248,913
Technical Sentiment Signal: Buy
Current Market Cap: A$11.13M
Find detailed analytics on ALV stock on TipRanks’ Stock Analysis page.