Chatham Rock Phosphate Secures Funding Through Shares

Chatham Rock Phosphate Limited (TSE:NZP) has released an update.

Chatham Rock Phosphate Limited has successfully completed a private placement of shares, raising over CA$112,000 to accelerate the development of its Korella North mine, advance the permitting process for its Avenir Makatea project, and bolster general working capital. The placement includes a four-month hold period for all issued securities.

For further insights into TSE:NZP stock, check out TipRanks’ Stock Analysis page.