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An update from CuFe Limited ( (AU:CUF) ) is now available.
CuFe Limited has announced a successful capital raise of $5.4 million through the issuance of 318 million shares at 1.7 cents per share, accompanied by unlisted options. The funds will be used to advance exploration and feasibility studies at the Tennant Creek Copper/Gold project, focusing on resource classification, underground mine planning, and evaluating Bismuth’s potential amid recent market disruptions. The placement strengthens CuFe’s investor base with strategic long-term investors and aims to enhance the company’s operational capabilities and market positioning.
More about CuFe Limited
CuFe Limited is a company operating in the mining industry, focusing on the exploration and development of copper, gold, and other critical minerals. Its primary projects are located in Tennant Creek, Northern Territory, and Western Australia, with a market focus on strategic minerals like Bismuth, Niobium, and iron ore.
YTD Price Performance: 70.0%
Average Trading Volume: 2,509,161
Technical Sentiment Signal: Buy
Current Market Cap: A$22.89M
For detailed information about CUF stock, go to TipRanks’ Stock Analysis page.