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Pinnacle Minerals Limited ( (AU:PIM) ) has shared an update.
Pinnacle Minerals Limited has announced a successful capital raise of approximately $1.76 million through a placement to sophisticated and professional investors. The funds will be used to advance exploration programs in Canada and Australia, support general working capital, and provide flexibility for strategic opportunities. The placement will be completed in two tranches, with shareholder approval required for the second tranche. This financial move is expected to strengthen Pinnacle’s position in the technology minerals exploration industry and enhance its operational capabilities.
More about Pinnacle Minerals Limited
Pinnacle Minerals Ltd (ASX: PIM) is a technology minerals exploration company focused on delivering shareholder value through the discovery and development of high-quality battery and technology metals projects in Canada, Western Australia, and South Australia. The company’s flagship asset is the Adina East Project in Quebec, and it also explores Rare Earth Elements and Heavy Mineral Sands in Australia.
Average Trading Volume: 96,824
Technical Sentiment Signal: Sell
See more data about PIM stock on TipRanks’ Stock Analysis page.
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