KGL Resources Limited ( (AU:KGL) ) just unveiled an announcement.
KGL Resources Limited announced the completion of its entitlement offer, raising approximately $4.2 million, which represents a 55% take-up rate. The funds will support the next phase of the Jervois Copper Project, including securing funding and partners for construction. The project is positioned as a strategic opportunity for partners in the Asia-Pacific region due to its high-grade copper deposits and stable jurisdiction.
More about KGL Resources Limited
KGL Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. Its primary product is copper, and the company is involved in the Jervois Copper Project, which is one of the highest-grade undeveloped copper deposits located in a politically stable, Tier One mining jurisdiction.
YTD Price Performance: -8.33%
Technical Sentiment Signal: Strong Buy
Current Market Cap: $43.57M
Find detailed analytics on KGL stock on TipRanks’ Stock Analysis page.