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Nickelx Ltd ( (AU:SMX) ) has shared an update.
Strata Minerals Limited has completed a A$1.57 million capital raising through a placement of 78,775,000 new shares at A$0.02 each to new and existing institutional and sophisticated investors. The shares were issued under the company’s existing placement capacity, and Strata has confirmed compliance with relevant Corporations Act disclosure and reporting requirements, indicating the funds are secured without additional regulatory burden for investors.
The cleansing notice under section 708A affirms that the new shares were issued without a prospectus and that there is no excluded information that must be disclosed under the Act. This capital injection strengthens Strata’s balance sheet as it progresses its Western Australian gold exploration portfolio, potentially enhancing its ability to advance key projects and maintain its strategic position in competitive gold exploration markets.
More about Nickelx Ltd
Strata Minerals Limited is an Australian ASX-listed mineral exploration company focused on acquiring, exploring and developing projects in top-tier mining jurisdictions. The company is advancing a portfolio of high-potential gold assets in Western Australia, led by the Zelica, Penny South and Biranup Gold Projects.
Average Trading Volume: 498,198
Technical Sentiment Signal: Sell
Current Market Cap: A$7.07M
For detailed information about SMX stock, go to TipRanks’ Stock Analysis page.