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Forrestania Resources Limited ( (AU:FRS) ) just unveiled an update.
Forrestania Resources Limited has issued 10,000,000 ordinary fully paid shares as part of a placement announced earlier in May 2025, priced at $0.05 per share. This move is part of the company’s strategy to enhance its financial position and support its exploration activities in Western Australia, potentially impacting its market standing and offering growth opportunities for stakeholders.
More about Forrestania Resources Limited
Forrestania Resources Limited is an Australian resources company focused on exploring gold, copper, and lithium in the Forrestania, Southern Cross, and Eastern Goldfields regions of Western Australia. The company’s projects are strategically located near significant mining operations, including the historic Bounty gold mine and the Covalent Mt Holland Lithium Mine, providing potential for substantial mineral discoveries.
Average Trading Volume: 2,209,965
Technical Sentiment Signal: Buy
Current Market Cap: A$24.94M
Find detailed analytics on FRS stock on TipRanks’ Stock Analysis page.