Vertex Minerals Raises $3.77M for Gold Mine Progress

Vertex Minerals Ltd. (AU:VTX) has released an update.

Vertex Minerals Ltd. has secured firm commitments for a $3.77 million funding placement at $0.08 per share, aimed at advancing the Reward Gold Mine towards production and providing general working capital. The placement, managed by CPS Capital, includes the issuance of new shares and options, with the latter subject to shareholder approval. Funds from the placement will bolster the company’s capacity to progress their gold mining projects in New South Wales and support their sustainable, low-cost gold production strategy.

For further insights into AU:VTX stock, check out TipRanks’ Stock Analysis page.