QEM Limited (AU:QEM) has released an update.
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QEM Limited successfully completed a renounceable entitlement offer, raising approximately $2.76 million to support its Julia Creek Project, a significant vanadium and oil shale resource in Queensland. The funds will be used to advance pre-feasibility studies and environmental assessments, demonstrating strong shareholder and director confidence in the venture. This financial move positions QEM to potentially become a key player in the energy fuels and vanadium sectors.
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