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White Energy Company Limited ( (AU:WEC) ) has issued an update.
White Energy Company Limited has announced a pro rata partially underwritten, non-renounceable entitlement offer to raise approximately $3.5 million. The funds will be used to advance mineral exploration projects in Queensland, South Australia, and the Northern Territory, as well as for general corporate purposes and working capital. This move is expected to bolster the company’s exploration capabilities and strengthen its position in the mineral exploration industry.
More about White Energy Company Limited
White Energy Company Limited operates in the energy sector, focusing on mineral exploration projects across Australia. The company is involved in various projects, including the Specimen Hill Project in Queensland and the Robin Rise project in South Australia, with a market focus on expanding its mineral exploration activities.
Average Trading Volume: 58,162
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$9.35M
See more insights into WEC stock on TipRanks’ Stock Analysis page.