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Arkle Resources PLC ( (GB:ARK) ) has issued an update.
Arkle Resources PLC has successfully raised £500,000 through a private placing of 166,666,667 new ordinary shares at a price of 0.3p per share, marking a 28% premium. The funds will support the development of its zinc exploration in Ireland and lithium/magnesium projects in Botswana, with significant drilling activities planned. This strategic move is expected to enhance Arkle’s position in the mineral exploration industry, potentially increasing its attractiveness to investors due to high zinc prices and the growing importance of lithium and magnesium in sustainable technologies.
More about Arkle Resources PLC
Arkle Resources PLC is a company engaged in the exploration and development of mineral resources, focusing primarily on base metals like zinc in Ireland and lithium and magnesium in Botswana.
Average Trading Volume: 1,555,244
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.33M
For detailed information about ARK stock, go to TipRanks’ Stock Analysis page.