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Firetail Resources Limited ( (AU:FTL) ) has issued an announcement.
Firetail Resources Limited has successfully raised A$5 million through a placement to institutional and high net worth investors, exceeding their target and introducing a tier-1 institutional precious metals investor. The funds will be used to accelerate exploration at the Excelsior and Bella Gold Projects in the USA, as well as support ongoing exploration at the Skyline and Picha Copper Projects in Canada and Peru. This capital raising marks a significant step in the company’s growth strategy, particularly focusing on the Excelsior Gold Project, which has shown promising potential for resource development.
More about Firetail Resources Limited
Firetail Resources Limited is a company engaged in the exploration of gold and copper, focusing on high-potential projects in the USA, Canada, and Peru. The company is listed on the Australian Securities Exchange (ASX: FTL) and aims to expand its exploration activities across its portfolio of gold and copper assets.
Average Trading Volume: 504,154
Technical Sentiment Signal: Buy
Current Market Cap: A$31.92M
See more data about FTL stock on TipRanks’ Stock Analysis page.