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Stellar Resources Limited ( (AU:SRZ) ) has shared an update.
Stellar Resources Limited has announced an additional equity placement of A$500,000 to an existing substantial shareholder, adding to the A$9 million raised earlier. This brings the total funds raised to A$12.4 million, which will be used for the development and exploration of the Heemskirk Tin Project, as well as for general working capital. The strong investor interest is supported by high tin prices, driven by demand in electronics and renewable energy, and supply disruptions in key regions.
More about Stellar Resources Limited
Stellar Resources Limited is a company operating in the mining industry, primarily focused on tin production. The company is engaged in the development and exploration of the Heemskirk Tin Project located in Western Tasmania, which is a key area for tin mining due to its conflict-free, tier-1 mining jurisdiction. The company benefits from strong investor interest driven by the demand for tin in electronics and renewable energy sectors.
Average Trading Volume: 3,870,805
Technical Sentiment Signal: Buy
Current Market Cap: A$56.88M
Find detailed analytics on SRZ stock on TipRanks’ Stock Analysis page.