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The latest announcement is out from Octava Minerals Ltd. ( (AU:OCT) ).
Octava Minerals Ltd has successfully raised approximately $1.5 million through a placement to sophisticated investors, aimed at funding its exploration activities. The company has also secured an option to acquire the Federation Copper-Zinc-Silver Project in Western Tasmania, which presents a significant discovery opportunity due to historic mineral intersections. The funds will be used for due diligence on the Federation Project, ongoing metallurgical testwork at the Byro REE Project, and general working capital, potentially enhancing Octava’s industry positioning and stakeholder value.
More about Octava Minerals Ltd.
Octava Minerals Ltd is a Western Australian-based exploration company focused on the discovery and development of mineral resources. The company is involved in projects that explore for antimony, gold, nickel, rare earth elements (REE), lithium, and platinum group metals (PGM) across various locations, including Yallalong, Byro, and East Kimberley.
Average Trading Volume: 216,735
Technical Sentiment Signal: Sell
Current Market Cap: A$2.44M
See more data about OCT stock on TipRanks’ Stock Analysis page.