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Felix Gold Ltd. ( (AU:FXG) ) has shared an announcement.
Felix Gold Limited has successfully raised $18 million through a placement of 50 million shares at $0.36 each, supported by both offshore and Australian institutional investors. The funds will be used for exploration, feasibility studies, operational expansion, and working capital. This capital raise positions Felix Gold to advance its bulk sampling program and pursue near-term production of military-grade antimony, a strategic move given China’s export restrictions. The company is poised for significant developments with ongoing discussions with U.S. agencies and potential strategic partnerships, while maintaining financial flexibility to maximize shareholder value.
The most recent analyst rating on (AU:FXG) stock is a Buy with a A$1.20 price target. To see the full list of analyst forecasts on Felix Gold Ltd. stock, see the AU:FXG Stock Forecast page.
More about Felix Gold Ltd.
Felix Gold Limited (ASX: FXG) is an ASX-listed exploration business focusing on gold and antimony in the Tintina Gold Province of Alaska, USA.
Average Trading Volume: 2,732,169
Technical Sentiment Signal: Buy
Current Market Cap: A$183.4M
For detailed information about FXG stock, go to TipRanks’ Stock Analysis page.