Strickland Metals Completes Strategic Placement with Zijin Mining

Strickland Metals Ltd ( (AU:STK) ) has shared an update.

Strickland Metals Limited has successfully completed a strategic private placement with Zijin Mining Group, raising A$5 million through the issuance of 54,945,055 fully-paid ordinary shares. This placement, which did not involve a broker, allows Zijin to hold approximately 2.4% of Strickland’s shares, potentially strengthening Strickland’s market position and providing additional capital for its operations.

More about Strickland Metals Ltd

Strickland Metals Limited operates within the mining industry, focusing on the exploration and extraction of various metals. The company is listed on the Australian Securities Exchange under the ticker ASX: STK.

YTD Price Performance: 18.75%

Average Trading Volume: 2,806,015

Technical Sentiment Signal: Sell

Current Market Cap: A$209.7M

For detailed information about STK stock, go to TipRanks’ Stock Analysis page.