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The latest announcement is out from Australian Critical Minerals Ltd. ( (AU:ACM) ).
Australian Critical Minerals has secured firm commitments to raise A$3 million through an oversubscribed placement of 40 million new shares at A$0.075, attracting strong demand from institutional, sophisticated and professional investors, including a cornerstone resource fund. The capital injection will primarily fund maiden diamond drilling at the Flint Gold-Silver Project in Peru—where geophysical, mapping and geochemical work indicate a promising high-sulphidation gold-silver system—as well as broader exploration across its Peruvian portfolio and general working capital, positioning the company to test a key discovery opportunity and potentially strengthen its foothold in a highly prospective epithermal gold-silver district.
More about Australian Critical Minerals Ltd.
Australian Critical Minerals Ltd is an ASX-listed exploration company focused on gold, silver and base metals projects, with a particular emphasis on advancing its Peruvian assets. Its portfolio includes the undrilled Flint high-sulphidation epithermal gold-silver project in northern Peru, located in a major epithermal belt near globally significant deposits.
Average Trading Volume: 167,832
Technical Sentiment Signal: Buy
For a thorough assessment of ACM stock, go to TipRanks’ Stock Analysis page.