Western Mines Completes Capital Raise for Exploration

Western Mines Group Ltd (AU:WMG) has released an update.

Western Mines Group Ltd has successfully completed a capital raise, issuing over 4.8 million shares at $0.32 each to secure A$1.53 million. The funds are earmarked for the advancement of the Mulga Tank Ni-Co-Cu-PGE Project, including drilling programs, geochemical assays, and exploration activities. Additionally, 400,000 unlisted options were issued as part of the broker’s fee for the share placement.

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