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An update from Allup Silica Ltd. ( (AU:MML) ) is now available.
McLaren Minerals Limited successfully raised A$3.6 million through an oversubscribed entitlement offer, which was fully underwritten by Leeuwin Wealth. The funds will be used to advance the McLaren Project, enhancing the company’s financial position and supporting ongoing feasibility studies and exploration efforts. This capital raise positions McLaren Minerals to capitalize on its recent JORC Mineral Resource Estimate upgrade, furthering its strategic development of a significant mineral sands asset in Western Australia.
More about Allup Silica Ltd.
McLaren Minerals Limited is an exploration company focused on the development of the McLaren titanium project located in the Eucla Basin of Western Australia. The company is engaged in the exploration of titanium, a critical mineral essential for aerospace, defense, and energy technologies.
Average Trading Volume: 2,716,722
Technical Sentiment Signal: Buy
Current Market Cap: A$12.72M
Learn more about MML stock on TipRanks’ Stock Analysis page.