Buxton Resources Secures $3M for Exploration and Expands Joint Venture

Buxton Resources Limited ( (AU:BUX) ) has shared an announcement.

Buxton Resources Limited has successfully secured a $3.0 million placement from professional and sophisticated investors, which will be used to fund exploration and development activities at its Centurion and Madman projects in Western Australia. The company is also advancing its Copper Wolf Joint Venture with IGO Limited in Arizona, where IGO has increased its stake by committing an additional $5.0 million. The appointment of Gervaise Heddle as Non-Executive Chair is expected to guide the company’s growth strategy, enhancing its industry positioning and stakeholder value.

More about Buxton Resources Limited

Buxton Resources Limited is an exploration company focused on discovering and developing mineral resources. The company primarily engages in the exploration of copper, gold, and other mineral deposits, with significant projects located in Western Australia and Arizona, USA. Buxton Resources is known for its strategic partnerships and joint ventures, such as the one with IGO Limited for the Copper Wolf Project.

YTD Price Performance: -35.29%

Average Trading Volume: 14,000

Technical Sentiment Signal: Strong Buy

Current Market Cap: €3.8M

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