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Castillo Copper Ltd. ( (AU:NFM) ) has shared an announcement.
New Frontier Minerals Limited has successfully raised $2.25 million through a share placement to accelerate the development of its Harts Range Project. This funding follows a binding commercial agreement with Metallium Ltd to create a novel processing pathway for Harts Range ore, targeting the supply of heavy rare earth elements to US magnet and defense customers. The capital will also support ongoing exploration activities, including a drilling campaign at Harts Range and the advancement of a mining lease application for the NW Queensland Copper Project. These developments position New Frontier to deliver significant value to shareholders by enhancing its operational capabilities and market presence.
More about Castillo Copper Ltd.
New Frontier Minerals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in projects targeting heavy rare earth elements (HREE) and copper, with a market focus on supplying to US magnet and defense sectors.
Average Trading Volume: 2,897,554
Technical Sentiment Signal: Hold
Current Market Cap: A$40.13M
For detailed information about NFM stock, go to TipRanks’ Stock Analysis page.