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Western Mines Group Ltd ( (AU:WMG) ) has provided an announcement.
Western Mines Group Ltd has successfully completed a capital raising initiative, issuing 6,435,000 ordinary shares and 5,791,500 unlisted options, raising A$1.287 million. The funds will be used to advance exploration at the Mulga Tank project, including drilling, geochemical assays, and metallurgical tests, enhancing the company’s exploration capabilities and potentially strengthening its market position.
More about Western Mines Group Ltd
Western Mines Group Ltd operates in the mining industry, focusing on exploration and development of mineral resources. The company is primarily engaged in the exploration of nickel, cobalt, copper, and platinum group elements (PGE) at its Mulga Tank project.
Average Trading Volume: 170,091
Technical Sentiment Signal: Sell
For an in-depth examination of WMG stock, go to TipRanks’ Stock Analysis page.