Traka Resources Bolsters Exploration and Capital Base

Traka Resources Limited (AU:TKL) has released an update.

Traka Resources Limited has successfully completed a fully underwritten Non-Renounceable Entitlement Offer, ensuring continued exploration efforts at a steady pace. The company has made progress in identifying new clean energy sector projects, while also advancing exploration at the Gorge Creek and Cranbrook projects, with fieldwork and drill target identification ongoing. Additionally, Traka is exploring opportunities to farm out or divest its Mt Cattlin Gold-Copper-REE Project amidst corporate restructuring and capital raising efforts that have reinforced financial stability.

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