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Midas Minerals Limited ( (AU:MM1) ) has provided an announcement.
Midas Minerals Limited has secured commitments for a $6.5 million placement to fund the acquisition and exploration of the Otavi Copper Project in Namibia, alongside other projects in Western Australia. The placement, which received strong support from existing shareholders, will be conducted in two tranches and is expected to enhance Midas’s project portfolio and operational capacity.
More about Midas Minerals Limited
Midas Minerals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary products include lithium, gold, copper, and platinum group elements, with a market focus on projects in Western Australia and Namibia.
Average Trading Volume: 122,461
Technical Sentiment Signal: Buy
Current Market Cap: A$19.55M
Learn more about MM1 stock on TipRanks’ Stock Analysis page.