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Peak Minerals ( (AU:LRM) ) just unveiled an update.
Lion Rock Minerals Limited has announced significant developments in its Minta projects in Cameroon, confirming the expansion of a major mineralized system and the presence of premium-grade natural rutile nuggets. The company completed a strategic $3.5 million placement with a European investor and a further $8.6 million partnership with Tronox Holdings plc, enhancing its financial position to support ongoing exploration and development activities. These strategic moves are expected to accelerate the Minta Est Monazite and Minta Rutile projects, positioning Lion Rock as a key player in the critical minerals market.
More about Peak Minerals
Lion Rock Minerals Limited, formerly known as Peak Minerals Limited, operates in the critical minerals industry with a focus on exploration and development of mineral projects. The company is primarily involved in the extraction of rutile and monazite minerals, with significant operations in Cameroon. Lion Rock is committed to bold exploration and maintaining strong relationships with the communities in which it operates.
YTD Price Performance: 340.0%
Average Trading Volume: 6,225,280
Technical Sentiment Signal: Hold
Current Market Cap: A$134.8M
For detailed information about LRM stock, go to TipRanks’ Stock Analysis page.