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Bathurst Resources Ltd ( (AU:BRL) ) has shared an announcement.
Bathurst Resources Limited has successfully raised A$237,500 through a Share Purchase Plan (SPP), offering 320,954 fully paid ordinary shares to eligible shareholders in Australia and New Zealand. This SPP is part of a larger capital raising effort, which includes a A$34 million placement to institutional investors. The funds will be used to advance the Buller and Tenas Projects, including environmental assessments, feasibility studies, and early works, as well as for working capital and equity raising costs.
More about Bathurst Resources Ltd
Bathurst Resources Limited is a New Zealand-registered resource company listed on the ASX, recognized as New Zealand’s leading coal producer and the largest specialist coal company. The company operates nationwide with mines in Waikato, Southland, and the West Coast, producing over 2.2 million tonnes of coal annually. Bathurst employs more than 670 people and engages over 90 full-time contractors, contributing significantly to regional economies through employment, taxes, royalties, and supply purchases. The company provides coal for local steel making, energy for domestic industries, and exports high-quality metallurgical coal internationally.
YTD Price Performance: 2.34%
Average Trading Volume: 382
Technical Sentiment Signal: Buy
Current Market Cap: $111.1M
Learn more about BRL stock on TipRanks’ Stock Analysis page.