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Nickelx Ltd ( (AU:SMX) ) has shared an update.
Strata Minerals has raised approximately A$1.57 million through an equity placement at A$0.02 per share, backed by existing shareholders and sophisticated investors. The single-tranche placement uses the company’s existing ASX capacity and is due to settle around 1 May 2026, with new shares ranking equally with those on issue.
The funds will be used to accelerate exploration, drilling and resource definition work at the Zelica Gold Project in Western Australia, as well as assess development pathways supported by an existing mining lease. The capital injection strengthens Strata’s ability to progress towards a maiden JORC mineral resource at Zelica and evaluate potential near-term mining opportunities in a well-serviced gold district with multiple nearby deposits and mills.
More about Nickelx Ltd
Strata Minerals Limited is an Australian ASX-listed mineral exploration company focused on acquiring, exploring and developing gold projects in Western Australia. Its portfolio centres on high-potential assets including the Zelica, Penny South and Biranup gold projects in established mining districts with existing infrastructure and processing options.
Average Trading Volume: 743,987
Technical Sentiment Signal: Sell
Current Market Cap: A$7.07M
See more data about SMX stock on TipRanks’ Stock Analysis page.