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Arrow Minerals Limited ( (AU:AMD) ) just unveiled an announcement.
Arrow Minerals Limited has announced the issuance of 23,809,524 fully paid ordinary shares to settle a deferred payment obligation related to the Simandou North Iron Project. This strategic move allows the company to fulfill its financial commitment without impacting its cash reserves, potentially strengthening its position in the iron ore market.
More about Arrow Minerals Limited
Arrow Minerals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company’s primary market focus is on iron ore projects, with significant interests in the Simandou North Iron Project.
Average Trading Volume: 1,390,983
Technical Sentiment Signal: Sell
Current Market Cap: A$17.08M
See more data about AMD stock on TipRanks’ Stock Analysis page.