Verity Resources ( (AU:VRL) ) has issued an announcement.
Verity Resources Limited has issued over 25 million new shares to sophisticated and professional investors at a price of A$0.012 per share, as part of a placement announced earlier. This strategic move is expected to enhance the company’s financial capacity and support its ongoing projects in gold, rare earth elements, and base metals, potentially strengthening its position in the mining industry.
More about Verity Resources
Verity Resources is a company engaged in the exploration and development of mineral resources. It owns the Monument Gold project in Western Australia, which has a JORC-compliant inferred resource. The company also has a joint venture portfolio in Brazil focusing on critical metals, including rare earth elements and lithium, and holds significant base and precious metals projects in Botswana.
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.31M
Learn more about VRL stock on TipRanks’ Stock Analysis page.