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Applyflow Limited ( (AU:FMR) ) has issued an announcement.
FMR Resources Limited has announced a $3.4 million equity raising to accelerate its exploration efforts at the Southern Porphyry target. The placement, supported by major shareholder Mark Creasy and managed by Inyati Capital and Euroz Hartleys, involves issuing shares at a discount and will be conducted in two tranches. The funds will support the company’s exploration program at the Llahuin Project in Chile and its Canadian projects, as well as general working capital. This move is expected to enhance FMR’s operational capabilities and potentially lead to significant discoveries, reinforcing its position in the critical minerals sector.
More about Applyflow Limited
FMR Resources Limited (ASX: FMR) is a diversified explorer focused on battery and critical minerals exploration and development. The company has projects in Canada, such as Fairfield and Fintry, which are prospective for copper and rare earth elements, and the Llahuin Project in Chile, which is prospective for copper, gold, and molybdenite. FMR Resources aims to contribute to the global transition towards sustainable energy solutions through strategic exploration and development of critical mineral assets.
Average Trading Volume: 236,322
Technical Sentiment Signal: Hold
Current Market Cap: A$20.05M
See more data about FMR stock on TipRanks’ Stock Analysis page.