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An announcement from Arrow Minerals Limited ( (AU:AMD) ) is now available.
Arrow Minerals Limited announced a correction to its previously released timetable for a $7M capital raising intended to advance the Niagara Bauxite Project. The updated schedule outlines the settlement and trading dates for Tranche 1 and anticipates the approval and settlement of Tranche 2 in March 2025. This capital raising is crucial for the company’s strategic expansion and operational enhancement of its mining projects, potentially impacting its market position and stakeholder interests.
More about Arrow Minerals Limited
Arrow Minerals Limited is engaged in the discovery and development of mineral deposits into producing mines, focusing on creating shareholder value. The company has two key projects in Guinea, West Africa: the Simandou North Iron Project and the Niagara Bauxite Project, both strategically located near the Trans-Guinean Railway, which benefits their development due to access to rail and port infrastructure.
YTD Price Performance: 50.0%
Average Trading Volume: 1,955,843
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$35.7M
Find detailed analytics on AMD stock on TipRanks’ Stock Analysis page.
