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Australasian Metals Limited ( (AU:A8G) ) just unveiled an announcement.
Australasian Metals Limited has secured a strategic placement from Enuo Resources Pte. Ltd. amounting to $0.75 million at a premium share price, aimed at supporting its exploration projects in Australia. This investment highlights the potential of Australasian’s projects and underscores the confidence of Enuo Resources in their growth, enhancing shareholder value and positioning Australasian Metals for further development in the mineral resource industry.
More about Australasian Metals Limited
Australasian Metals Limited is a company involved in the exploration and development of mineral resources, with a focus on advancing its exploration projects in Australia and identifying new opportunities. Enuo Resources Pte. Ltd., their investor, is a Singapore-based multinational company specializing in the mining, refining, and smelting of critical minerals and rare metals, with operations in Africa, Southeast Asia, China, and Japan.
YTD Price Performance: -5.06%
Average Trading Volume: 30,093
Technical Sentiment Consensus Rating: Buy
Find detailed analytics on A8G stock on TipRanks’ Stock Analysis page.