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High-Tech Metals Limited ( (AU:HTM) ) has shared an announcement.
High-Tech Metals Limited has completed the acquisition of the Mt Fisher and Mt Eureka Gold Projects, securing a substantial 1,150km² landholding in Western Australia’s Northern Goldfields. This acquisition is a strategic move to enhance their gold resource base, supported by a JORC resource of 187,000 ounces of gold. The company plans to conduct extensive drilling and has entered a joint venture with SSH Mining to generate immediate revenue from existing stockpiles. Additionally, a $2.5 million placement and a $1 million entitlement offer have been completed to fund exploration and development, with strategic investment from Ragnar Metals bolstering their financial and operational capabilities.
More about High-Tech Metals Limited
High-Tech Metals Limited operates in the mining industry, focusing on gold exploration and development. The company has recently expanded its portfolio by acquiring significant landholdings in the Northern Goldfields of Western Australia, aiming to capitalize on the region’s rich gold deposits.
Average Trading Volume: 63,094
Technical Sentiment Signal: Buy
Learn more about HTM stock on TipRanks’ Stock Analysis page.