An update from Dreadnought Resources Limited ( (AU:DRE) ) is now available.
Dreadnought Resources Limited has successfully completed the first tranche of its recent share placement, issuing over 510 million shares at $0.012 each, raising approximately $6.1 million. This strategic move, utilizing the company’s existing placement capacity, aims to strengthen its capital structure and support its ongoing exploration activities. The second tranche, involving nearly 198 million shares, awaits shareholder approval, indicating a continued focus on capital raising to bolster its operational capabilities.
More about Dreadnought Resources Limited
Dreadnought Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in discovering and advancing mineral deposits, with a market focus on expanding its resource base and enhancing shareholder value.
YTD Price Performance: 20.0%
Average Trading Volume: 5,486,420
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$58.23M
For detailed information about DRE stock, go to TipRanks’ Stock Analysis page.