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Intra Energy Corporation Limited ( (AU:BTM) ) has shared an update.
Breakthrough Minerals Limited, a company listed on the Australian Securities Exchange under the ticker BTM, has successfully completed the acquisition of the Errolls Gold Project located in the Murchison region of Western Australia. This acquisition grants the company full ownership of the project, which includes a mining lease application and historical gold production. The company has also raised $1.2 million through a share placement to fund exploration activities and general working capital. The acquisition and capital raising are seen as transformative steps for Breakthrough Minerals, as they plan to initiate a drilling program to explore high-grade gold intercepts from previous drilling. This move is expected to enhance the company’s operational capabilities and strengthen its position in the gold mining industry.
More about Intra Energy Corporation Limited
Average Trading Volume: 498,477
Technical Sentiment Signal: Sell
Current Market Cap: A$8.16M
See more insights into BTM stock on TipRanks’ Stock Analysis page.