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The latest update is out from Nickelx Ltd ( (AU:SMX) ).
Strata Minerals Limited has completed the first tranche of its previously announced $1.175 million capital raising, securing $1.105 million through the placement of 55.25 million new shares at $0.02 each to new and existing institutional and sophisticated investors under its existing ASX placement capacity. The remaining balance of the raising is subject to shareholder approval at an upcoming general meeting, and the company has issued the required cleansing notice confirming regulatory compliance, a step that supports secondary trading of the new shares and underpins its funding position as it advances its Western Australian gold exploration portfolio.
More about Nickelx Ltd
Strata Minerals Limited is an Australian ASX-listed mineral exploration company focused on acquiring, exploring and developing projects in tier-one jurisdictions. Its portfolio is centred on high-potential gold assets in Western Australia, notably the Zelica, Penny South and Biranup Gold Projects.
Average Trading Volume: 761,125
Technical Sentiment Signal: Sell
Current Market Cap: A$4.9M
For detailed information about SMX stock, go to TipRanks’ Stock Analysis page.