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QMines Ltd. ( (AU:QML) ) has issued an update.
QMines Limited announced the results of its recent Share Purchase Plan (SPP), which raised over $1 million to fund exploration at its Mount Mackenzie gold and silver project. The SPP was fully underwritten by Global ESG Investments Limited, and the new shares are expected to start trading on November 17, 2025. This funding will support QMines’ strategic focus on expanding its high-grade mineral projects, potentially enhancing its market position and offering growth opportunities for stakeholders.
More about QMines Ltd.
QMines Limited is a Queensland-focused exploration and development company specializing in copper and gold. It owns 100% of the Mt Chalmers and Develin Creek deposits, which are located near Rockhampton, Queensland. The company aims to make new discoveries, commercialize existing deposits, and transition towards sustainable copper production.
Average Trading Volume: 1,612,055
Technical Sentiment Signal: Sell
Current Market Cap: A$29.87M
Learn more about QML stock on TipRanks’ Stock Analysis page.