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West Wits Mining Limited ( (AU:WWI) ) has provided an announcement.
West Wits Mining has raised A$27.5 million through a firm placement of 343.75 million shares at A$0.08 each, largely to institutional investors, with attached options, in a deal arranged by Evolution Capital. The funds will fully finance mine development to sustainable production at the Qala Shallows gold project, targeted to pour first gold in March 2026, while also supporting a scoping study for Project 200, drilling at the BRC uranium target, and general working capital, strengthening the balance sheet and broadening institutional ownership as the company transitions from developer to producer.
The most recent analyst rating on (AU:WWI) stock is a Sell with a A$0.09 price target. To see the full list of analyst forecasts on West Wits Mining Limited stock, see the AU:WWI Stock Forecast page.
More about West Wits Mining Limited
West Wits Mining Limited is an ASX-listed resources company focused on developing gold and uranium assets within South Africa’s Witwatersrand Basin. Its primary project is the Qala Shallows gold mine, complemented by growth targets including Project 200 and the BRC uranium prospect, positioning the company in both precious and strategic commodity markets.
Average Trading Volume: 12,465,343
Technical Sentiment Signal: Buy
Current Market Cap: A$354.7M
For a thorough assessment of WWI stock, go to TipRanks’ Stock Analysis page.