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An update from Mount Ridley Mines Limited ( (AU:MRD) ) is now available.
Mount Ridley Mines Limited has issued 2,900,000 shares without a disclosure document, as permitted under section 708A(5)(e) of the Corporations Act. This strategic move aligns with the company’s compliance with relevant legal provisions and does not require additional information disclosure, potentially impacting its market operations and stakeholder interests.
More about Mount Ridley Mines Limited
Mount Ridley Mines Limited is a company focused on demand-driven metals in Western Australia. The company’s flagship project, the Mount Ridley Project, is located in a Fraser Range sub-basin and was initially acquired for its nickel and copper sulphides potential. It is now recognized for its prospects in clay-hosted rare earth element (REE) deposits and gallium. Additionally, Mount Ridley Mines holds approximately 18% of the Weld Range BIF sequence, which is prospective for iron and gold.
Average Trading Volume: 120,997,568
Current Market Cap: A$66.85M
For detailed information about MRD stock, go to TipRanks’ Stock Analysis page.