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OD6 Metals Ltd. ( (AU:OD6) ) has shared an update.
OD6 Metals Ltd has successfully raised $2.5 million through a share placement to accelerate its Splinter Rock Rare Earth and Gulf Creek Copper projects. The funds will be used to enhance rare earth testwork, advance development studies, and progress offtake discussions for its Mixed Rare Earth Carbonate product. Additionally, the company plans to commence Phase 2 drilling at the Gulf Creek Copper Project to explore further copper mineralization. This capital raise strengthens OD6’s financial position, enabling continued momentum in its growth strategy and project development efforts.
More about OD6 Metals Ltd.
OD6 Metals Ltd is a company operating in the mining industry, focusing on the exploration and development of rare earth elements and copper. The company’s primary projects include the Splinter Rock Rare Earth Project in Western Australia and the Gulf Creek Copper Project in New South Wales. OD6 is actively engaged in advancing its rare earth and copper projects, with a market focus on high-quality Mixed Rare Earth Carbonate products and copper mineralization.
Average Trading Volume: 1,169,224
Technical Sentiment Signal: Buy
See more data about OD6 stock on TipRanks’ Stock Analysis page.