Mt Malcolm Mines NL ( (AU:M2M) ) has shared an update.
Mt Malcolm Mines NL has announced a two-part capital raising initiative to support its exploration and development strategies. The company has secured $700,000 through a Placement to sophisticated investors and plans a non-renounceable pro-rata Entitlement Offer to raise up to $1.04 million, totaling approximately $1.74 million. The funds will be used for drilling programs, resource modeling, mine design, and working capital. This capital raising is expected to accelerate work at the Malcolm Project, with a focus on the high-grade Golden Crown prospect, potentially enhancing the company’s operational capabilities and stakeholder value.
More about Mt Malcolm Mines NL
Mt Malcolm Mines NL is a company in the mining industry, focusing on exploration and development. Its primary market focus includes drilling programs and resource development, particularly at its Golden Crown Prospect near Leonora.
Average Trading Volume: 862,830
Technical Sentiment Signal: Sell
Current Market Cap: A$5.89M
See more data about M2M stock on TipRanks’ Stock Analysis page.