Carbine Resources Announces Entitlement Offer to Fund Silica Sand Projects

Carbine Resources Limited ( (AU:CRB) ) has provided an announcement.

Carbine Resources Limited has announced a pro-rata non-renouncement entitlement offer to raise up to $1,103,476, allowing eligible shareholders to subscribe for new shares. The funds will be used to support ongoing exploration and development activities at the Muchea West and Down South Silica Sand Projects, as well as for business development and general working capital. The entitlement offer is not underwritten, and any shortfall may be placed subject to compliance with ASX Listing Rules. This capital raise is expected to bolster Carbine’s project development efforts following recent milestones, including a mining lease grant and access agreements.

More about Carbine Resources Limited

Carbine Resources Limited is a company operating in the mining industry, focusing on silica sand projects. Its primary activities include exploration and development at the Muchea West and Down South Silica Sand Projects, with a market focus on advancing these projects through mining approvals and exploration activities.

Current Market Cap: A$3.31M

See more insights into CRB stock on TipRanks’ Stock Analysis page.