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Iltani Resources Ltd. ( (AU:ILT) ) just unveiled an announcement.
Iltani Resources Ltd. has secured an $8 million investment from the Queensland Investment Corporation’s Critical Minerals and Battery Technology Fund to accelerate the development of its Orient Silver-Indium Project. This funding, which includes $6 million in non-dilutive funding and a $2 million equity investment, aligns with the Queensland Government’s strategy to bolster the region’s critical minerals sector. The investment will support rapid project development and exploration activities, enhancing Iltani’s position in the mining industry and contributing to the regional economy.
More about Iltani Resources Ltd.
Iltani Resources Ltd. is a silver and base metals exploration company focused on the development of critical mineral resources. The company is primarily engaged in advancing its Orient Silver-Indium Project in Northern Queensland, Australia, which positions it within the critical minerals supply chain.
Average Trading Volume: 263,373
Technical Sentiment Signal: Buy
Learn more about ILT stock on TipRanks’ Stock Analysis page.