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Kuniko Ltd. ( (AU:KNI) ) just unveiled an announcement.
Kuniko Ltd. has announced a partially underwritten rights issue to raise A$1.2 million, aimed at advancing the Commonwealth Gold-Silver Project in New South Wales. The project, located in a historic mining district, offers significant exploration opportunities with high-grade mineralization confirmed. The funds will support initial exploration and technical studies, with drilling expected to commence soon. This initiative marks a strategic growth phase for Kuniko, providing shareholders with an opportunity to participate in the company’s expansion.
More about Kuniko Ltd.
Kuniko Ltd. is involved in the advancement of silver, gold, and base metals projects in Australia, as well as battery metals projects in Europe. The company focuses on targeting critical and strategic minerals essential for energy transition and security, ensuring ethical sourcing in its operations.
Average Trading Volume: 71,324
Technical Sentiment Signal: Sell
See more insights into KNI stock on TipRanks’ Stock Analysis page.