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An update from Coda Minerals Ltd ( (AU:COD) ) is now available.
Coda Minerals Limited has successfully completed a fully underwritten Entitlement Offer, raising $8.3 million, which was oversubscribed with applications totaling $11.6 million. This financial boost will support the advancement of pre-feasibility studies at the company’s flagship Elizabeth Creek Copper Project, amid strengthening copper and silver markets. The funds will enable rapid project development, positioning Coda favorably within a market experiencing increased M&A activity and a decline in copper-focused companies.
More about Coda Minerals Ltd
Coda Minerals Limited is a company operating in the mining industry, focusing on the exploration and development of copper and silver projects. Its primary asset is the Elizabeth Creek Copper-Cobalt Project located in South Australia’s Olympic copper province.
Average Trading Volume: 550,876
Technical Sentiment Signal: Buy
Current Market Cap: A$44.99M
For detailed information about COD stock, go to TipRanks’ Stock Analysis page.