Castle Minerals Issues New Shares to Investors

Castle Minerals Limited ( (AU:CDT) ) has issued an update.

Castle Minerals Limited has issued 51,750,000 new ordinary shares at $0.06 per share to sophisticated, professional, and director investors. This move is part of a placement announced earlier and was conducted without disclosure under specific sections of the Corporations Act. The company has complied with relevant legal provisions, and the share issue has been lodged for quotation. This development could impact the company’s financial standing and market operations, potentially influencing its strategic projects in Ghana and Western Australia.

More about Castle Minerals Limited

Castle Minerals Limited is an Australian Securities Exchange listed company based in Perth, Western Australia. It has interests in several projects in Ghana and Western Australia, focusing on gold, graphite, and base metals. In Ghana, the company owns the Kpali Gold Project and the Kambale Graphite Project, which are being evaluated for battery-grade material production. In Western Australia, Castle is seeking farm-outs or sales for its gold and base metal projects, including the Polelle and Wanganui Projects.

Average Trading Volume: 67,552

Technical Sentiment Signal: Buy

Current Market Cap: A$128.5K

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