Norwest Minerals Completes $4.85 Million Entitlement Offer for Gold Exploration

Norwest Minerals Ltd. ( (AU:NWM) ) has provided an update.

Norwest Minerals Limited announced the successful completion of its non-renounceable entitlement offer, raising a total of $4.85 million. The funds will be utilized to review mining options and recommence drill testing at the Bulgera Mining Lease area, aiming to significantly increase the current gold resource estimate. This strategic move is expected to enhance Norwest’s position in the gold mining sector and provide potential growth opportunities for stakeholders.

More about Norwest Minerals Ltd.

Norwest Minerals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in gold mining and exploration activities, with a significant focus on increasing its gold resource estimates at the Bulgera Mining Lease area.

Average Trading Volume: 2,118,554

Technical Sentiment Signal: Sell

Current Market Cap: A$11.64M

For detailed information about NWM stock, go to TipRanks’ Stock Analysis page.