Octava Minerals Ltd. (AU:OCT) has released an update.
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Octava Minerals Ltd. has successfully secured A$1 million in funding through a placement to sophisticated investors, with an additional A$150,000 investment pending from its Board Directors, contingent on shareholder approval. The funds are earmarked for drilling and exploration of high-grade antimony prospects at Yallalong, which boasts some of Australia’s highest antimony grades. The raise, complemented by director investments, positions the company to enhance shareholder value by advancing its exploration activities amid a favorable market for antimony.
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