Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from Zenith Minerals Limited ( (AU:ZNC) ).
Zenith Minerals Limited has announced the opening of a fully underwritten entitlement offer to raise A$3.5 million. The offer, managed by Leeuwin Wealth Pty Ltd and co-managed by Cumulus Wealth Pty Ltd, allows eligible shareholders to purchase two new shares for every seven existing shares at A$0.030 per share, with additional options available. This capital raising initiative is expected to support Zenith’s ongoing exploration projects and strengthen its market position in the gold and lithium sectors.
More about Zenith Minerals Limited
Zenith Minerals Limited is an Australian exploration company focused on advancing a diverse portfolio of gold and lithium projects in Western Australia and Queensland. The company is strategically positioned to capitalize on the growing demand for both precious metals and battery minerals. Key gold assets include the Red Mountain Gold Project in Queensland and the Dulcie Far North Project and Dulcie Gold Project in Western Australia. On the lithium front, Zenith’s Split Rocks Project has established a maiden resource, while the Waratah Well project presents further exploration potential. Additionally, Zenith holds a 25% interest in the Earaheedy Zinc Deposit, free carried through to a bankable feasibility study with Rumble Resources Limited.
Average Trading Volume: 97,099
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$12.35M
Learn more about ZNC stock on TipRanks’ Stock Analysis page.