PVW Resources Limited (AU:PVW) has released an update.
PVW Resources Limited has successfully completed the first portion of a capital raise, securing $500,000 for the acquisition of Scanty Brazil, a company with 11 prospective rare earth element projects in Brazil. The second tranche aims to secure an additional $615,000, pending shareholder approval, to total $1,150,000 for exploring these tenements and general working capital. This strategic move positions PVW in the thriving Brazilian rare earth industry, crucial for modern technologies and global economic growth.
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