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Aus Tin Mining Limited ( (AU:C7A) ) has issued an announcement.
Clara Resources Australia Ltd announced a capital raising initiative to secure A$600,000 through a two-tranche placement aimed at advancing the Ashford Coking Coal Project and supporting general corporate activities. The first tranche of A$230,000 will be issued under existing placement capacity, while the second tranche of A$370,000 requires shareholder approval. The funds will bolster Clara’s financial position, allowing it to maintain momentum on its key project and explore additional opportunities to enhance shareholder value amid challenging market conditions for junior coal companies.
More about Aus Tin Mining Limited
Clara Resources Australia Ltd, trading on the ASX under the symbol C7A, is involved in the mining industry with a focus on coking coal projects. The company’s primary project is the Ashford Coking Coal Project located in New South Wales, and it is actively seeking to enhance its asset base and improve access to capital through strategic opportunities.
Technical Sentiment Signal: Sell
Current Market Cap: A$2.05M
For detailed information about C7A stock, go to TipRanks’ Stock Analysis page.