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Allup Silica Ltd. ( (AU:MML) ) just unveiled an announcement.
McLaren Minerals Limited has successfully secured firm commitments to raise approximately A$1.282 million through a two-tranche share placement, which was oversubscribed and supported by both existing and new investors. The funds will be utilized to finalize the Pre-Feasibility Study (PFS) for the McLaren Titanium Project, covering engineering, design, assay costs, and resource estimation, positioning the company towards development and production. This financial boost comes at a crucial time, enhancing McLaren’s ability to advance its flagship project and potentially strengthening its market position in the titanium industry.
More about Allup Silica Ltd.
McLaren Minerals Limited is an exploration company focused on the development of its high-value McLaren Titanium Project located in the Eucla Basin of Western Australia. The company specializes in titanium, a critical mineral essential for aerospace, defense, and energy technologies.
Average Trading Volume: 111,357
Technical Sentiment Signal: Sell
Current Market Cap: A$3.96M
For a thorough assessment of MML stock, go to TipRanks’ Stock Analysis page.