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Star Minerals Ltd. ( (AU:SMS) ) has shared an announcement.
Star Minerals Limited has secured $1.5 million through a placement of 33,333,333 new shares at $0.045 each, facilitated by CPS Capital Group. The funds will be used to drill the western extension gold target and finalize mining agreements at the Tumblegum South Gold Project, aiming for a mining start in Q1 2026. This strategic financial move, supported by top shareholders, positions Star Minerals to capitalize on a robust gold market, enhancing its operational capabilities and market presence.
More about Star Minerals Ltd.
Star Minerals Limited is a company operating in the mining industry, focusing on gold exploration and development. Their primary project is the Tumblegum South Gold Project, where they are working on mining and milling agreements, with a market focus on leveraging strong gold market conditions.
Average Trading Volume: 2,129,474
Technical Sentiment Signal: Buy
See more data about SMS stock on TipRanks’ Stock Analysis page.