Heavy Rare Earths Limited Raises $1.26 Million Successfully

Heavy Rare Earths Limited (AU:HRE) has released an update.

Heavy Rare Earths Limited successfully raised approximately $1.26 million through its recent entitlement issue, with a significant portion underwritten by Cygnet Capital and Taylor Collison. Shareholders contributed $527,642.61 by taking up their entitlements, while the remaining shortfall was covered by the underwriters. This fundraising effort reflects strong shareholder support and positions the company for further growth in its rare earth and uranium exploration projects.

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