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An announcement from Woomera Mining Ltd. ( (AU:OB1) ) is now available.
Orbminco Limited has announced the opening of a pro-rata non-renounceable Entitlement Offer, aiming to raise approximately $1.08 million by offering one new share for every two existing shares at $0.001 per share. The funds raised will be primarily used for RC drilling, IP Surveys, and associated assays at the Bronze Fox Project, with the remainder allocated to fees, costs, and working capital. This move is expected to enhance Orbminco’s exploration capabilities and strengthen its position in the mineral exploration industry.
More about Woomera Mining Ltd.
Orbminco Limited is a mineral exploration company focusing on copper and gold in Mongolia, as well as battery metals like lithium, nickel, copper, and PGE’s, along with gold in the Yilgarn and Pilbara Cratons of Western Australia.
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$3.25M
See more insights into OB1 stock on TipRanks’ Stock Analysis page.