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Ragusa Minerals Ltd ( (AU:RAS) ) has shared an update.
Ragusa Minerals Limited announced the acquisition of Geopolymer Industries Pty Ltd, which holds interests in mining and exploration leases in Western Australia and New South Wales. This acquisition is strategic for Ragusa, aligning with its Burracoppin Kaolin Project and enhancing its potential in developing low-emission, sustainable cement technology for the construction industry. The transaction, expected to complete in the first half of 2025, involves issuing shares and performance rights to Geopolymer shareholders, contingent on achieving specific milestones. Additionally, Ragusa plans a capital raising of $2 million to support its strategic initiatives.
More about Ragusa Minerals Ltd
Ragusa Minerals Limited is an Australian-based mineral exploration company with interests in projects such as the Burracoppin REE & Kaolin/Halloysite Project in Western Australia and the NT Lithium Project in the Northern Territory. The company focuses on mineral exploration and development, particularly in kaolin, rare earth elements, and lithium resources.
YTD Price Performance: 54.55%
Average Trading Volume: 285,654
Technical Sentiment Signal: Buy
Current Market Cap: A$2.42M
For a thorough assessment of RAS stock, go to TipRanks’ Stock Analysis page.