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Iltani Resources Ltd. ( (AU:ILT) ) has shared an update.
Iltani Resources Ltd. announced that its shareholders have approved a $2.0 million equity investment from the Queensland Investment Corporation’s Critical Minerals and Battery Technology Fund (QCMBTF). This investment, along with a $6.0 million royalty investment, will support the development of the Orient Silver-Indium Project in Northern Queensland. The funding is expected to accelerate exploration and project development, aligning with the Queensland Government’s strategy to position the region as a key supplier of critical minerals. The investment demonstrates strong support for the Queensland mining sector and is anticipated to de-risk the Orient Project, benefiting all stakeholders involved.
More about Iltani Resources Ltd.
Iltani Resources Ltd. is a company engaged in the exploration of silver, critical minerals, and base metals. The company is focused on advancing its Orient Silver-Indium Project located in Northern Queensland, aiming to expand its mineral resource estimates and support the development of the critical minerals sector in the region.
Average Trading Volume: 298,772
Technical Sentiment Signal: Buy
Learn more about ILT stock on TipRanks’ Stock Analysis page.