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Antares Metals Completes First Tranche of A$2 Million Placement

Story Highlights
  • Antares Metals Ltd completed the first tranche of a placement, raising A$2 million.
  • Funds will support exploration projects and corporate expenses, enhancing mining sector position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Antares Metals Completes First Tranche of A$2 Million Placement

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An announcement from NickelSearch Ltd. ( (AU:AM5) ) is now available.

Antares Metals Ltd, an exploration company listed on the ASX, has successfully completed the first tranche of a two-part placement, raising approximately A$2 million through the issue of new shares. The funds will be used for exploration and assessment work on newly acquired projects, continuation of exploration at the Mt Isa North Project, and general corporate expenses. This strategic move aims to strengthen Antares Metals’ exploration capabilities and position in the mining sector.

More about NickelSearch Ltd.

Average Trading Volume: 1,983,079

Technical Sentiment Signal: Sell

Current Market Cap: A$4.63M

For detailed information about AM5 stock, go to TipRanks’ Stock Analysis page.

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