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An announcement from Xtract Resources ( (GB:XTR) ) is now available.
Xtract Resources Plc has successfully raised £2,000,000 through a new equity issue to fund its ongoing projects in Zambia and Morocco. The funds will be used to advance the Silverking copper project in Zambia, including the construction of a processing plant, and to continue exploration and redevelopment efforts at the Amghas antimony mine in Morocco. This strategic move aims to capitalize on favorable copper prices and generate cash flow to support future growth, enhancing the company’s position in the mining sector.
More about Xtract Resources
Xtract Resources Plc operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in copper and antimony projects, with significant operations in Zambia and Morocco.
Average Trading Volume: 1,709,963
Technical Sentiment Signal: Strong Sell
Current Market Cap: £5.99M
For a thorough assessment of XTR stock, go to TipRanks’ Stock Analysis page.