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Nickelx Ltd ( (AU:SMX) ) has provided an update.
Strata Minerals Limited has completed the issuance of 11,875,000 fully paid ordinary shares as part of a Tenement Option agreement with SGMB Resources Pty Ltd, alongside 625,000 shares and 2,000,000 options as facilitator fees. Additionally, 375,000 shares were issued under an investor relations agreement, all utilizing the company’s existing placement capacity under ASX Listing Rules. The shares issued to SGMB and the investor relations contractor are subject to voluntary escrow periods of 12 and 6 months, respectively. This strategic issuance aims to bolster Strata’s resource development initiatives, potentially enhancing its market position and offering growth opportunities for stakeholders.
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 is advancing several high-potential assets, including the Zelica and Penny South Gold Projects in Western Australia, as well as the Elliot Lake Uranium Project and the Biranup Gold Project.
Average Trading Volume: 950,342
Technical Sentiment Signal: Sell
Current Market Cap: A$5.14M
See more data about SMX stock on TipRanks’ Stock Analysis page.