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North Stawell Minerals, Ltd. ( (AU:NSM) ) has shared an announcement.
North Stawell Minerals Ltd has successfully raised $500,000 through a strategic placement of shares to professional and sophisticated investors at $0.03 per share. The funds will be used to advance exploration projects at Darlington, Wildwood, and other key sites, as well as to support general working capital until late 2026. This placement strengthens the company’s financial position, enabling it to continue its exploration program, particularly at Darlington, where significant gold potential has been identified. The placement was managed by Amery Partners Pty Ltd, which will receive a fee and broker options as compensation.
More about North Stawell Minerals, Ltd.
North Stawell Minerals Ltd is a company operating in the mining industry, focusing on gold exploration and development. The company is primarily engaged in exploring key projects such as Darlington and Wildwood, with a market focus on discovering and developing gold mineralization.
Average Trading Volume: 108,698
Technical Sentiment Signal: Sell
Current Market Cap: A$12.09M
Learn more about NSM stock on TipRanks’ Stock Analysis page.