Strata Minerals Completes Second Tranche of Capital Raising

The latest update is out from Nickelx Ltd ( (AU:SMX) ).

Strata Minerals Limited has successfully completed the second tranche of its $1.6 million capital raising, securing approximately $0.31 million through the placement of over 10 million shares to institutional and sophisticated investors. This capital injection, approved by shareholders, is expected to bolster the company’s exploration efforts and strengthen its position in the mineral exploration industry.

More about Nickelx Ltd

Strata Minerals Limited is an Australian exploration company listed on the ASX, focusing on acquiring, exploring, and developing mineral projects in world-class jurisdictions. The company’s primary projects include the Penny South Gold Project in Western Australia, the Elliot Lake Uranium Project, and the Biranup Project, which are prospective for gold, uranium, and rare earths.

YTD Price Performance: 55.00%

Average Trading Volume: 2,000,775

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$6.31M

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