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An update from Metal Bank Limited ( (AU:MBK) ) is now available.
Metal Bank Limited has announced a pro-rata non-renounceable entitlement offer to raise up to $2.32 million, with Equator Capital Management partially underwriting the offer. The funds will support the company’s gold strategy in Western Australia and exploration projects in Australia, positioning Metal Bank to advance its operations and potentially enhance its market presence.
More about Metal Bank Limited
Metal Bank Limited is a company operating in the mining industry, primarily focusing on gold exploration and production. The company is advancing its Western Australia Gold Strategy, which includes projects like Livingstone and Whiteheads, and is also exploring graphite potential at the Millennium Copper & Cobalt project in Queensland.
Average Trading Volume: 395,515
Technical Sentiment Signal: Buy
Current Market Cap: A$8.46M
Learn more about MBK stock on TipRanks’ Stock Analysis page.