Freeport Resources (TSE:FRI) has released an update.
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Freeport Resources successfully completed an oversubscribed private placement, raising $5.2 million to further develop the Yandera Copper Project, one of the world’s most significant undeveloped copper deposits. The impressive investor backing reflects confidence in the project, which has already seen substantial exploration and development investment. The funds are earmarked for optimizing the project and seeking strategic partnerships to progress towards a Definitive Feasibility Study.
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