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The latest update is out from Century Global Cmdty ( (TSE:CNT) ).
Century Global Commodities Corporation has successfully closed a round of private placement financing for its subsidiary, Joyce Direct Iron Inc., amounting to A$500,000. This funding is part of a broader initiative to spin out JDI as a separate entity to further fund the Joyce Project, aiming for advancement towards permitting. The investment reflects confidence from the Australian market, a significant player in the iron ore industry, reinforcing the project’s credibility and potential stakeholder benefits.
More about Century Global Cmdty
Century Global Commodities Corporation is involved in the commodities industry with a focus on iron ore. The company operates through its subsidiary, Joyce Direct Iron Inc., which holds the Joyce Lake DSO Iron Ore Project. Century Global is leveraging the Australian market, known for its substantial iron ore production and export.
YTD Price Performance: -10.71%
Average Trading Volume: 56,040
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$2.96M
See more data about CNT stock on TipRanks’ Stock Analysis page.