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Black Rock Mining Limited ( (AU:BKT) ) has shared an update.
Black Rock Mining Limited successfully raised A$4 million through an oversubscribed Share Purchase Plan, exceeding its initial target of A$2 million. This funding will accelerate the Early Works Program at the Mahenge Graphite Project, reflecting strong shareholder confidence in the project’s potential. The capital raised will support construction activities and plant site earthworks as the company finalizes project financing, enhancing its position in the graphite industry.
The most recent analyst rating on (AU:BKT) stock is a Buy with a A$0.11 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 an Australian company listed on the Australian Securities Exchange, primarily focused on developing the Mahenge Graphite Project in Tanzania. The company holds an 84% interest in this world-class project, which is recognized for its substantial graphite reserves and potential for high returns. Black Rock has formed strategic alliances, including one with POSCO, to advance the project’s development and secure offtake agreements.
Average Trading Volume: 3,694,883
Technical Sentiment Signal: Sell
Current Market Cap: A$40.65M
For detailed information about BKT stock, go to TipRanks’ Stock Analysis page.