An announcement from Chatham Rock Phosphate Limited ( (TSE:NZP) ) is now available.
Chatham Rock Phosphate Limited has successfully closed a private placement of units, raising gross proceeds of CA$111,940. The funds will be allocated towards completing the permitting process for their Avenir Makatea project, initiating a reapplication for a marine environmental consent on the Chatham Rise, and for general working capital. This development supports the company’s strategic initiatives in phosphate resource development and strengthens its operational capabilities.
More about Chatham Rock Phosphate Limited
Chatham Rock Phosphate Limited operates in the mineral exploration industry, focusing on phosphate resources. The company is engaged in projects such as the Avenir Makatea onshore phosphate project in French Polynesia and the Chatham Rise marine project.
YTD Price Performance: 8.33%
Average Trading Volume: 39,228
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$7.01M
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