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Corella Resources Ltd ( (AU:CR9) ) has shared an announcement.
Corella Resources Ltd successfully completed a fully underwritten rights issue and a placement, raising a total of $1,072,363 before costs to enhance its working capital. The company is evaluating further exploration and development options for its Tampu Project and other tenements, while also considering new projects to increase shareholder value. A partial surrender of a tenement was made due to statutory requirements, and the company ended the quarter with a cash position of $608,000.
More about Corella Resources Ltd
Corella Resources Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company holds several tenements, primarily in the Tampu region, and is involved in research and development activities related to high-purity alumina (HPA).
Technical Sentiment Signal: Sell
Current Market Cap: A$3.02M
For detailed information about CR9 stock, go to TipRanks’ Stock Analysis page.