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Maronan Metals Ltd ( (AU:MMA) ) has provided an announcement.
Maronan Metals Ltd has successfully raised $16 million through a strongly supported institutional placement, with additional plans to offer a Share Purchase Plan (SPP) to raise up to $3 million. The funds will be used to advance feasibility and environmental studies, undertake drilling, and commence early site development, reinforcing the company’s goal of developing a significant silver mine in Australia.
More about Maronan Metals Ltd
Maronan Metals Ltd is an Australian minerals company focused on advancing the development of its Maronan Silver-Lead and Copper-Gold deposit located in the Cloncurry region of Northwest Queensland. The Maronan Project is recognized as one of Australia’s largest and highest-grade undeveloped silver deposits.
Average Trading Volume: 280,280
Technical Sentiment Signal: Buy
Find detailed analytics on MMA stock on TipRanks’ Stock Analysis page.