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M3 Mining Ltd. ( (AU:M3M) ) just unveiled an announcement.
M3 Mining Limited has announced a successful capital raise of $2.25 million through a share placement, aimed at funding exploration activities at its Victoria Bore and Edjudina projects. The funds will also support strategic evaluations for potential acquisitions to diversify the company’s portfolio, with the placement completed in two tranches and a significant discount to the average trading price, positioning M3 Mining to maximize shareholder value under new leadership.
More about M3 Mining Ltd.
M3 Mining Limited (ASX:M3M) is a Perth-based mineral exploration company focused on creating value for shareholders through exploration and development of a high-quality base metal and gold exploration portfolio. The company’s projects are strategically located in regions surrounded by major players and have experienced minimal modern, systematic exploration.
Average Trading Volume: 190,632
Technical Sentiment Signal: Sell
Current Market Cap: A$2.68M
Learn more about M3M stock on TipRanks’ Stock Analysis page.