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Mount Ridley Mines Limited ( (AU:MRD) ) has issued an announcement.
Mount Ridley Mines Limited has secured funding certainty through an underwriting agreement with GBA Capital Pty Ltd, ensuring the exercise of 3 cent options and maintaining a strong cash position. This move will facilitate the company’s exploration and metallurgical testing efforts, enabling progress on high-priority drill targets, resource definition, and downstream evaluation, reinforcing its strategic position in the mineral mining sector.
More about Mount Ridley Mines Limited
Mount Ridley Mines Limited operates within the mining and exploration industry, focusing on the identification and exploitation of valuable resources such as gallium, rare earth elements, and scandium. The company is positioned to advance its Mount Ridley Project in Western Australia through targeted exploration and testing activities.
Average Trading Volume: 41,650,345
Technical Sentiment Signal: Sell
Current Market Cap: A$41.29M
See more data about MRD stock on TipRanks’ Stock Analysis page.