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Heavy Minerals Limited Issues New Shares to Bolster Exploration Efforts

Story Highlights
  • Heavy Minerals Limited focuses on industrial minerals exploration in Australia and Mozambique.
  • The company issued 100,000 shares to support its financial and exploration goals.
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Heavy Minerals Limited Issues New Shares to Bolster Exploration Efforts

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An update from Heavy Minerals Ltd ( (AU:HVY) ) is now available.

Heavy Minerals Limited announced the issuance of 100,000 fully paid ordinary shares without disclosure to investors, in compliance with relevant sections of the Corporations Act 2001. This strategic move is part of the company’s ongoing efforts to strengthen its financial position and support its exploration projects, potentially impacting its market standing and offering new opportunities for stakeholders.

More about Heavy Minerals Ltd

Heavy Minerals Limited (ASX: HVY) is an Australian listed industrial mineral exploration company focusing on projects rich in industrial minerals such as Garnet, Zircon, Rutile, and Ilmenite. The company’s primary focus is on the Port Gregory and Red Hill Garnet Projects in Western Australia, with significant measured, indicated, and inferred mineral resources. Additionally, the company is involved in the Inhambane Heavy Mineral Project in Mozambique.

Average Trading Volume: 73,414

Technical Sentiment Signal: Buy

For a thorough assessment of HVY stock, go to TipRanks’ Stock Analysis page.

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