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ARK Mines Ltd ( (AU:AHK) ) has provided an update.
Ark Mines Ltd has successfully raised $1,500,000 through a share placement to professional and sophisticated investors. This funding will enable the company to accelerate its rare earths exploration and development program at the Sandy Mitchell project, highlighting its strategic focus on advancing its marketable rare earth deposits in North Queensland.
More about ARK Mines Ltd
Ark Mines Ltd is an Australian company involved in the exploration and development of mineral resources. The company focuses on projects involving nickel-cobalt, iron-copper, and rare earths, with notable projects including Gunnawarra, Mt Jesse, and Sandy Mitchell.
YTD Price Performance: 7.14%
Average Trading Volume: 34,143
Technical Sentiment Signal: Buy
Current Market Cap: A$8.32M
See more data about AHK stock on TipRanks’ Stock Analysis page.