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Caspin Resources Ltd. ( (AU:CPN) ) has issued an update.
Caspin Resources Ltd. announced a successful equity raising of $2.1 million to fund ongoing exploration at its Bygoo Tin Project. The capital will support further drilling programs following promising results from initial exploration, indicating high-grade tin mineralization. The funds will also be used for general working capital, with the company’s directors and existing shareholders showing strong support. This financial boost is expected to enhance Caspin’s operational capabilities and strengthen its position in the tin exploration sector.
More about Caspin Resources Ltd.
Caspin Resources Ltd. is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary project is the Bygoo Tin Project, where it is actively engaged in drilling and exploration activities to identify and develop high-grade tin mineralization.
YTD Price Performance: 3.64%
Average Trading Volume: 391,891
Technical Sentiment Signal: Buy
Current Market Cap: A$7.82M
Learn more about CPN stock on TipRanks’ Stock Analysis page.