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The latest announcement is out from Maronan Metals Ltd ( (AU:MMA) ).
Maronan Metals Ltd has announced a Share Purchase Plan (SPP) following a successful placement of shares to institutional investors, raising approximately $16 million. The SPP offers eligible shareholders the opportunity to purchase shares at the same price as the placement, aiming to raise an additional $3 million. The funds will be used for advancing feasibility studies, drilling, and development works, enhancing the company’s operational capabilities and positioning within the mining sector.
More about Maronan Metals Ltd
Maronan Metals Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in activities such as feasibility and environmental studies, resource infill, geotechnical and exploration drilling, and early site development works.
Average Trading Volume: 353,029
Technical Sentiment Signal: Buy
For a thorough assessment of MMA stock, go to TipRanks’ Stock Analysis page.