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Marmota Limited ( (AU:MEU) ) has shared an announcement.
Marmota Limited has successfully raised $5 million through a single-tranche placement to institutional and sophisticated investors, with significant demand leading to the inclusion of new high-quality institutional investors on the company’s register. The funds will be used to accelerate exploration and development projects, including a drill campaign at the Muckanippie titanium discovery and completing a scoping study at the Aurora Tank gold site, positioning the company to advance its strategic objectives.
More about Marmota Limited
Marmota Limited is a company operating in the mining and exploration industry, focusing on the exploration and development of titanium, uranium, and gold projects. The company is actively involved in advancing its mineral exploration endeavors, with a particular emphasis on projects like the Muckanippie titanium discovery and Aurora Tank gold site.
YTD Price Performance: 57.50%
Average Trading Volume: 1,628,694
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$68.45M
For an in-depth examination of MEU stock, go to TipRanks’ Stock Analysis page.
