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Alderan Resources Ltd. ( (AU:HWK) ) has issued an announcement.
Hawk Resources Limited has successfully completed a A$5.0 million placement to strengthen its balance sheet, aiming to advance drilling at its Cactus project in Utah and de-risk the Olympus Scandium Project in Western Australia. The company has secured an option to earn up to 80% of the Olympus project, which is located in a region with potential for significant scandium resources. Scandium is a critical metal with applications in lightweight alloys and advanced technologies, and the project aligns with Hawk’s strategy to enhance value through critical minerals in Tier-1 jurisdictions.
More about Alderan Resources Ltd.
Average Trading Volume: 510,596
Technical Sentiment Signal: Sell
Current Market Cap: A$4.61M
For an in-depth examination of HWK stock, go to TipRanks’ Overview page.