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Hawsons Iron Ltd ( (AU:HIO) ) just unveiled an announcement.
Hawsons Iron Ltd has successfully completed its Share Purchase Plan (SPP) and a share placement, raising a total of $1.91 million. The SPP exceeded its target by receiving $1.21 million in applications, while the share placement raised an additional $700,000 from sophisticated and institutional investors. The funds will be used to update the Prefeasibility Study, conduct metallurgical test work, and explore potential secondary products, positioning the company to accelerate its project development and enhance shareholder value.
More about Hawsons Iron Ltd
Hawsons Iron Ltd is a company operating in the mining industry, focusing primarily on the development and production of iron ore. The company is engaged in advancing its mining projects and exploring potential secondary products, with a market focus on enhancing its operational capabilities and expanding its resource base.
Average Trading Volume: 1,993,980
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$20.33M
See more data about HIO stock on TipRanks’ Stock Analysis page.