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Sabre Resources Ltd ( (AU:SBR) ) has provided an announcement.
Sabre Resources has secured firm commitments to raise $0.6 million via a private placement of 60 million new shares at $0.01 each, conducted under its existing placement capacity. The funds will be used to accelerate exploration across its Dingo Project and broader rare earths, uranium, copper and gold tenements in the Ngalia Basin, potentially advancing key targets in a region considered highly prospective for energy and critical minerals, and signalling continued investor support for the company’s Northern Territory growth strategy.
The most recent analyst rating on (AU:SBR) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Sabre Resources Ltd stock, see the AU:SBR Stock Forecast page.
More about Sabre Resources Ltd
Sabre Resources Ltd is an Australian mineral exploration company focused on rare earths, uranium, copper and gold, with a large tenement package of more than 1,000 square kilometres in the Ngalia Basin Uranium Province, about 300 kilometres north-west of Alice Springs in the Northern Territory.
Average Trading Volume: 594,500
Technical Sentiment Signal: Hold
Current Market Cap: A$5.92M
Learn more about SBR stock on TipRanks’ Stock Analysis page.