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EV Resources Limited ( (AU:EVR) ) has issued an update.
EV Resources Limited has announced a capital raise of up to A$5.5 million through a share placement to sophisticated investors, with the funds aimed at advancing its Los Lirios and Dollar Antimony Projects. The company has also entered into a non-binding Heads of Agreement with Locksley Resources for an Ore Sales Agreement, which is expected to evolve into a binding agreement. This strategic move is designed to secure a long-term customer for EVR’s antimony concentrate and support the company’s development and production plans, ensuring a stable supply chain and reinforcing its market position.
More about EV Resources Limited
EV Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources, particularly antimony projects. The company is engaged in advancing its Los Lirios and Dollar Antimony Projects, with a strategic market focus on securing supply agreements and enhancing production capabilities.
Average Trading Volume: 9,284,829
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$22.28M
For detailed information about EVR stock, go to TipRanks’ Stock Analysis page.