Xanadu Mines Ltd (AU:XAM) has released an update.
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Xanadu Mines Ltd has secured firm commitments to raise approximately $5.5 million through a placement of shares, attracting significant interest from both domestic and international institutional investors. The funds will bolster Xanadu’s exploration and development projects, including the Red Mountain Copper-Gold Project and the Sant Tolgoi Nickel-Copper Project in Mongolia. The company is also in discussions with Zijin Mining to maintain its 19.4% shareholding, pending necessary approvals.
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