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An announcement from Jameson Resources Limited ( (AU:JAL) ) is now available.
Jameson Resources Limited has announced an additional capital raising of A$450,000 from strategic investors, supplementing a previous A$3 million placement to King George Investments. The funds will support the progression of the Crown Mountain EA Application, engagement with Indigenous Nations, and cover administrative and corporate costs. This investment reflects confidence in the Crown Mountain Hard Coking Coal Project, bolstered by recent governmental support and a positive feasibility update, highlighting the project’s potential in the steelmaking coal market.
More about Jameson Resources Limited
Jameson Resources Limited (ASX: JAL) 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, near existing coalfields and railways crucial for Canada’s steelmaking coal exports.
Average Trading Volume: 54,048
Technical Sentiment Signal: Buy
Current Market Cap: A$56.15M
For an in-depth examination of JAL stock, go to TipRanks’ Overview page.