Heavy Minerals Limited Secures $200,000 Through ATM Agreement

Heavy Minerals Ltd ( (AU:HVY) ) has issued an update.

Heavy Minerals Limited has raised $200,000 through its At-the-Market Subscription Agreement with Acuity Capital by setting off 650,000 collateral shares. This strategic financial move, achieved at a 6.9% discount to the 15-day VWAP, will bolster the company’s working capital, potentially enhancing its operational capabilities and market positioning.

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 projects are the Port Gregory and Red Hill Garnet Projects in Western Australia, with significant measured, indicated, and inferred mineral resources. Additionally, the company has the Inhambane Heavy Mineral Project in Mozambique.

Average Trading Volume: 68,039

Technical Sentiment Signal: Buy

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