New Frontier Minerals Completes $1.59 Million Share Placement

An announcement from Castillo Copper Ltd. ( (AU:NFM) ) is now available.

New Frontier Minerals Ltd has completed a share placement, raising $1.59 million by issuing 142,204,543 fully paid ordinary shares at $0.011 each to professional and sophisticated investors. Additionally, 3,000,000 shares were issued for marketing and investor relations services. This move strengthens the company’s financial position, enabling it to further its exploration projects and potentially enhance its market presence.

More about Castillo Copper Ltd.

New Frontier Minerals Limited is an Australian-based exploration company focused on developing multi-commodity assets with potential for economic mining operations. The company is advancing exploration activities at the Harts Range Niobium, Uranium, and Heavy Rare Earths Project in the Northern Territory, as well as the NWQ Copper Project in Queensland and the Broken Hill Project in New South Wales. It is listed on the LSE and ASX under the ticker ‘NFM’.

YTD Price Performance: -44.44%

Average Trading Volume: 962,024

Technical Sentiment Signal: Sell

Current Market Cap: A$16.03M

For a thorough assessment of NFM stock, go to TipRanks’ Stock Analysis page.