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Verity Resources ( (AU:VRL) ) has provided an announcement.
Verity Resources Limited has issued nearly 70 million new shares to sophisticated and professional investors as part of a placement, leveraging its available capacity under specific listing rules. This move is part of the company’s strategy to strengthen its financial position and support its ongoing projects in gold, critical metals, and base and precious metals, potentially enhancing its market presence and operational capabilities.
More about Verity Resources
Verity Resources is a company focused on mining and resource exploration, owning the Monument Gold project in Western Australia with a JORC-compliant inferred resource of 154,000 ounces of gold. The company also has a portfolio of critical metals, including rare earth elements and lithium in Brazil, and holds significant base and precious metals projects in Botswana.
Average Trading Volume: 1,546,587
Technical Sentiment Signal: Sell
Current Market Cap: A$6.72M
See more insights into VRL stock on TipRanks’ Stock Analysis page.