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Lord Resources Limited ( (AU:LRD) ) has shared an announcement.
Lord Resources Limited has successfully secured $814,000 through a placement of 22 million shares to sophisticated and wholesale investors, demonstrating strong market confidence in its copper exploration strategy. The funds will be used to accelerate exploration at the Ilgarari Copper Project and strengthen working capital, with shareholders also given the opportunity to participate in a non-renounceable entitlement issue. This capital raising positions the company to achieve significant milestones, including the release of maiden assay results and the commencement of new drilling programs, potentially enhancing shareholder value.
More about Lord Resources Limited
Lord Resources Limited is a company operating in the mining industry, focusing on the exploration and development of copper resources. The company’s primary project is the Ilgarari Copper Project located in Western Australia, with a market focus on expanding its copper exploration activities.
Average Trading Volume: 2,606,783
Technical Sentiment Signal: Buy
Current Market Cap: A$6.36M
For detailed information about LRD stock, go to TipRanks’ Stock Analysis page.