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An update from Black Rock Mining Limited ( (AU:BKT) ) is now available.
Black Rock Mining Limited has successfully secured commitments to raise A$10 million through a two-tranche placement to institutional and sophisticated investors. The funds will be used to initiate early works and construction activities for the Mahenge Graphite Project, as well as for general corporate purposes. Additionally, the company plans to launch a Share Purchase Plan (SPP) to raise up to A$2 million, subject to shareholder approval. This financial move is expected to advance the project’s development and strengthen Black Rock’s position in the graphite market.
The most recent analyst rating on (AU:BKT) stock is a Buy with a A$0.13 price target. To see the full list of analyst forecasts on Black Rock Mining Limited stock, see the AU:BKT Stock Forecast page.
More about Black Rock Mining Limited
Black Rock Mining Limited is a Tanzanian graphite developer focused on the Mahenge Graphite Project. The company is involved in the mining industry, specializing in the development and production of graphite resources.
Average Trading Volume: 1,129,246
Technical Sentiment Signal: Sell
Current Market Cap: A$40.69M
See more data about BKT stock on TipRanks’ Stock Analysis page.