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Lode Resources Ltd Expands with Share Placement for Montezuma Project Acquisition

Story Highlights
  • Lode Resources Ltd operates in mineral exploration, focusing on Australia and Tasmania projects.
  • The company issued 6 million shares to finalize the acquisition of the Montezuma Antimony Project.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lode Resources Ltd Expands with Share Placement for Montezuma Project Acquisition

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The latest announcement is out from Lode Resources Ltd ( (AU:LDR) ).

Lode Resources Ltd has issued 6 million new fully paid ordinary shares priced at $0.10 per share as part of the acquisition of the Montezuma Antimony Project. This move strengthens the company’s portfolio in Tasmania while leveraging its placement capacity under ASX Listing Rule 7.1, signaling continued growth and stakeholder investment in mineral exploration.

More about Lode Resources Ltd

Lode Resources Ltd operates in the natural resources industry, focusing on mineral exploration and development. Its market focus includes projects within Australia, such as the Montezuma Antimony Project in Tasmania.

Average Trading Volume: 557,324

Technical Sentiment Signal: Buy

Current Market Cap: A$29.12M

See more insights into LDR stock on TipRanks’ Stock Analysis page.

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