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Alderan Resources Ltd. ( (AU:HWK) ) has shared an update.
Hawk Resources has launched a capital raising of up to $5.87 million, securing firm commitments for a $3 million share placement at $0.03 per share with free attaching options, alongside a non-renounceable entitlement offer to raise about $1.97 million on similar terms. The company has also structured a top-up placement of up to $900,000, with the proceeds earmarked to advance exploration at its Olympus scandium project in Western Australia and its Cactus and Meerkat copper projects in the U.S., bolstering its funding base and capacity to progress key assets.
More about Alderan Resources Ltd.
Hawk Resources Limited is an ASX-listed mineral exploration company focused on scandium and copper projects. Its key assets include the Olympus scandium project in Western Australia and the Cactus and Meerkat copper projects in Utah and Arizona, positioning the company within critical and base metals markets.
Average Trading Volume: 4,103,083
Technical Sentiment Signal: Sell
Current Market Cap: A$15.21M
Find detailed analytics on HWK stock on TipRanks’ Stock Analysis page.