Industrial Minerals Limited (AU:IND) has released an update.
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Industrial Minerals Ltd has announced the successful completion of a Share Purchase Plan (SPP), raising $412,500 to enhance its High Purity Quartz (HPQ) projects in Western Australia. The raised funds will be allocated to resource infill drilling programs and ongoing metallurgical work, aiming to position the company as a significant supplier in the high-purity quartz market. Shareholders showed robust support despite current market challenges, and the newly issued shares are expected to be available from October 6, 2024.
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