Western Mines Group Ltd (AU:WMG) has released an update.
Western Mines Group Ltd has announced securing a $6m At-the-Market (ATM) funding facility with Alpha Investment Partners to bolster exploration efforts at the Mulga Tank Ni-Cu-Co-PGE Project in Western Australia. This flexible financing arrangement grants WMG full control over the timing and terms of equity capital use, with the ability to set a floor price for share issuances. The company emphasizes the ATM’s advantages, including minimal dilution and the freedom to end the agreement without cost, thereby enhancing WMG’s strategic capital management capabilities.
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