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Jameson Resources Limited ( (AU:JAL) ) has shared an update.
Jameson Resources Limited has secured a capital raising of up to A$3 million through a share placement to King George Investments Pty Ltd, a strategic resource investor. This investment will support the continued development of the Crown Mountain Hard Coking Coal Project, with funds allocated for regulatory applications, Indigenous engagement, and corporate costs. The placement reflects confidence in Jameson’s progress and the substantial market opportunity for premium steelmaking coal, bolstered by support from Canadian authorities.
More about Jameson Resources Limited
Jameson Resources Limited is a junior resources company focused on the acquisition, exploration, and development of strategic coal projects in western Canada. The company holds a significant interest in the Crown Mountain Coal Project and the Dunlevy coal project, both located in British Columbia. These projects are strategically positioned near existing mines and railways that facilitate Canada’s steelmaking coal exports.
Average Trading Volume: 52,281
Technical Sentiment Signal: Hold
Current Market Cap: A$51.17M
See more insights into JAL stock on TipRanks’ Stock Analysis page.