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Western Mines Group Ltd ( (AU:WMG) ) has provided an announcement.
Western Mines Group Ltd has successfully completed a capital raise of $3.71 million, issuing 16,860,000 shares at $0.22 each, along with 4,215,000 unlisted options. The funds will be used to advance exploration at the Mulga Tank Project, including drilling and metallurgical work. The participation of new institutional investors and company directors highlights significant interest in the project, potentially signaling a positive shift in sentiment towards the nickel sector.
More about Western Mines Group Ltd
Western Mines Group Ltd is a company in the mining industry, primarily focused on exploration and development of mineral resources. Their main project is the Mulga Tank Project, which involves exploration for nickel, cobalt, copper, and platinum group elements.
Average Trading Volume: 79,985
Technical Sentiment Signal: Buy
For an in-depth examination of WMG stock, go to TipRanks’ Overview page.