Chatham Rock Phosphate Limited ( (TSE:NZP) ) has issued an update.
Chatham Rock Phosphate Limited has announced a non-brokered private placement of up to 5,000,000 units at CAD 0.07 per unit, potentially raising CAD 350,000. The funds will be allocated to advance the permitting process for the Avenir Makatea project in French Polynesia, reapply for a Marine Environmental Consent on the Chatham Rise, and for general working capital. This private placement supports the company’s strategic focus on expanding its phosphate projects, which are crucial for its operational and financial growth.
More about Chatham Rock Phosphate Limited
Chatham Rock Phosphate Limited operates in the phosphate mining industry, focusing on the development and commercialization of phosphate resources. The company is engaged in projects aimed at extracting phosphate for use in agricultural fertilizers, with significant interests in onshore and offshore projects in regions such as French Polynesia and New Zealand.
YTD Price Performance: 30.0%
Average Trading Volume: 17,743
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$8.18M
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