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Cavalier Resources Limited ( (AU:CVR) ) has provided an update.
Cavalier Resources Limited has secured firm commitments to raise approximately $2.14 million through a placement of new shares, which will be used for resource development and drilling at the Crawford Gold Project, pre-mine development, and general working capital. This funding will enable the company to accelerate its near-mine resource development, crucial for optimizing future mining operations, while ongoing negotiations for a US$11 million pre-payment with Raptor Capital remain unaffected.
More about Cavalier Resources Limited
Cavalier Resources Limited is a company operating in the mining industry, focusing on gold exploration and development. Its primary project is the Crawford Gold Project, where it aims to advance resource development and potential future mining stages.
Average Trading Volume: 42,227
Technical Sentiment Signal: Buy
For an in-depth examination of CVR stock, go to TipRanks’ Overview page.