Southern Palladium Secures A$8 Million to Advance Bengwenyama PGM Project

Southern Palladium Ltd. ( (AU:SPD) ) just unveiled an update.

Southern Palladium Ltd. has successfully raised A$8 million through a strategic placement of 16 million new shares at A$0.50 each, with significant investment from one of its largest shareholders and support from institutional investors. This capital injection is aimed at accelerating the Definitive Feasibility Study (DFS) and mine development at the Bengwenyama PGM project, positioning the company to achieve key milestones such as the publication of an optimized Pre-Feasibility Study and the receipt of a Mining Right, thereby strengthening its market position and advancing its development strategy.

More about Southern Palladium Ltd.

Southern Palladium Ltd. operates in the mining industry, focusing on the exploration and development of platinum group metals (PGM) projects. The company’s primary project is the Bengwenyama PGM project located in the Bushveld Complex, South Africa, which is considered a premier greenfield PGM development opportunity.

Average Trading Volume: 51,864

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$45.47M

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