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An announcement from Heavy Minerals Ltd ( (AU:HVY) ) is now available.
Heavy Minerals Limited has announced a successful $200,000 capital raise through its At-the-Market Subscription Agreement with Acuity Capital. This was achieved by setting off 665,000 collateral shares at a deemed price of $0.30 per share, a slight discount to the recent trading average. The funds will be allocated to working capital, potentially enhancing the company’s operational capabilities and financial stability.
More about Heavy Minerals Ltd
Heavy Minerals Limited (ASX: HVY) is an Australian listed industrial mineral exploration company focusing on projects that are prospective for industrial minerals such as Garnet, Zircon, Rutile, and Ilmenite. The company is primarily focused on the Port Gregory and Red Hill Garnet Projects in Western Australia, with significant measured, indicated, and inferred mineral resources. Additionally, they have the Inhambane Heavy Mineral Project in Mozambique, which contains an ilmenite-dominated inferred mineral resource.
Average Trading Volume: 58,947
Technical Sentiment Signal: Buy
See more insights into HVY stock on TipRanks’ Stock Analysis page.