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Rumble Resources Limited ( (AU:RTR) ) has shared an update.
Rumble Resources Limited has announced a pro-rata non-renounceable entitlement offer to raise approximately $2 million. The funds will be used for further drilling, mining studies, and metallurgical test work at the Western Queen project. This move aims to strengthen the company’s operational capabilities and enhance its resource development efforts, although ineligible shareholders outside specific regions will not participate in the offer.
More about Rumble Resources Limited
Rumble Resources Limited operates in the mining industry, focusing on the exploration and development of gold and tungsten resources. The company is primarily engaged in drilling and mining studies, with a market focus on expanding its resource base in Western Australia.
Average Trading Volume: 2,044,020
Technical Sentiment Signal: Sell
Current Market Cap: A$38.12M
See more data about RTR stock on TipRanks’ Stock Analysis page.