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Maronan Metals Ltd ( (AU:MMA) ) has provided an update.
Maronan Metals Limited has successfully completed its Share Purchase Plan (SPP), raising $1.568 million through the issuance of 4,479,948 new shares at $0.35 each. This, combined with a previous $16 million placement, strengthens the company’s capital base to advance feasibility, drilling, and development activities at its Maronan Project, enhancing its readiness for mining operations.
More about Maronan Metals Ltd
Maronan Metals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company’s primary projects include the Maronan Silver-Lead and Copper-Gold Project located in northwest Queensland, Australia.
Average Trading Volume: 752,453
Technical Sentiment Signal: Buy
For detailed information about MMA stock, go to TipRanks’ Stock Analysis page.