Aurora Labs Ltd. (AU:A3D) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Aurora Labs Ltd has successfully secured $2 million from a share placement, aimed at enhancing its printing capabilities, particularly for defense sector projects. The company plans to use the funds to expand its Canning Vale facility in Western Australia, improve staff resourcing, and construct a Micro Gas Turbine testing facility. This marks a strategic move to solidify Aurora’s role in Australia’s defense industry by delivering advanced manufacturing solutions.
For further insights into AU:A3D stock, check out TipRanks’ Stock Analysis page.