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The latest update is out from Orion Minerals Limited ( (AU:ORN) ).
Orion Minerals Limited announced an update to its previous securities issue, revealing that it has secured additional firm commitments from investors. This development has resulted in an increased amount of capital raised and a higher number of shares to be issued at a price of 1.5 cents per share. This move is expected to enhance the company’s financial position and support its ongoing projects, potentially strengthening its market presence.
More about Orion Minerals Limited
Orion Minerals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company’s primary products include base metals such as copper and zinc, and it is strategically positioned in the South African market.
Average Trading Volume: 1,447,965
Technical Sentiment Signal: Buy
Current Market Cap: A$150M
For a thorough assessment of ORN stock, go to TipRanks’ Stock Analysis page.