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The latest announcement is out from QMines Ltd. ( (AU:QML) ).
QMines Ltd. has secured firm commitments to raise $6 million through a two-tranche placement to accelerate exploration and development at its Mt Chalmers and Develin Creek projects. This funding, supported by existing and new shareholders, highlights the quality and potential of these projects and underlines the company’s growth strategy. The capital will facilitate a significant drilling program at Develin Creek, expected to commence shortly, aiming to expand the scale of potential mining operations.
More about QMines Ltd.
QMines Limited is a company in the mining industry focusing on copper and gold exploration and development projects, with primary activities at Mt Chalmers and Develin Creek in Australia.
YTD Price Performance: -6.67%
Average Trading Volume: 104,859
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €10.82M
For detailed information about QML stock, go to TipRanks’ Stock Analysis page.
