White Energy Launches $4.51M Entitlement Offer for Mineral Exploration

White Energy Company Limited ( (AU:WEC) ) just unveiled an update.

White Energy Company Limited has announced a pro rata renounceable entitlement offer to raise up to $4.51 million. The proceeds will fund mineral exploration projects across Australia, including Specimen Hill, Robin Rise, Tindal, and Maranoa, as well as general corporate purposes and working capital. The offer is available to eligible shareholders in Australia and New Zealand, with ineligible shareholders’ entitlements to be sold by a nominee. This move could enhance the company’s exploration capabilities and strengthen its market position.

More about White Energy Company Limited

White Energy Company Limited operates in the energy sector, focusing on mineral exploration and related activities. The company is involved in projects such as the Specimen Hill Project in Queensland, Robin Rise project in South Australia, Tindal project in Northern Territory, and Maranoa project in Queensland, aiming to explore and define potential economic mineralization, particularly copper.

YTD Price Performance: -40.0%

Average Trading Volume: 1,303

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $3.53M

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