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ITech Minerals LTD ( (AU:ITM) ) just unveiled an update.
iTech Minerals Ltd has announced a $2.0 million equity raise to support its mineral exploration efforts and working capital needs. As part of this initiative, the company is offering eligible shareholders the chance to purchase new shares at a discounted price through a Share Purchase Plan (SPP), aiming to raise up to $1.0 million. The funds will be directed towards drilling and surveys at various gold and antimony prospects, as well as for general working capital. This move is expected to bolster iTech’s exploration activities and potentially enhance its market position in the mineral exploration sector.
More about ITech Minerals LTD
iTech Minerals Ltd operates in the mineral exploration industry, focusing on the discovery and development of mineral resources. The company is primarily engaged in exploring antimony, gold, and copper prospects, with a market focus on enhancing its mineral resource base.
Average Trading Volume: 1,191,606
Technical Sentiment Signal: Hold
See more insights into ITM stock on TipRanks’ Stock Analysis page.