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Heavy Minerals Limited Secures $85,000 Through ATM Agreement

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Heavy Minerals Limited Secures $85,000 Through ATM Agreement

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Heavy Minerals Ltd ( (AU:HVY) ) just unveiled an announcement.

Heavy Minerals Limited has raised $85,000 through its At-the-Market Subscription Agreement with Acuity Capital by setting off 325,000 collateral shares. This move reduces the number of shares Acuity Capital is required to return and provides funds for working capital, potentially strengthening the company’s operational capabilities and market position.

More about Heavy Minerals Ltd

Heavy Minerals Limited 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’s primary projects are the Port Gregory and Red Hill Garnet Projects in Western Australia, with significant mineral resources, and the Inhambane Heavy Mineral Project in Mozambique.

Average Trading Volume: 73,259

Technical Sentiment Signal: Buy

See more insights into HVY stock on TipRanks’ Stock Analysis page.

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