Corella Resources Ltd ( (AU:CR9) ) has issued an update.
Corella Resources Ltd successfully completed a fully underwritten rights issue, raising $935,487 to support its working capital and project assessments. The company is evaluating further exploration and research activities for the Tampu Project and remains open to new ventures that could enhance shareholder value. Additionally, Corella made a partial surrender of certain tenements due to statutory requirements, and its cash position at the end of March 2025 was $24,000.
More about Corella Resources Ltd
Corella Resources Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in projects related to high purity alumina (HPA) and holds various mining tenements, including the Tampu Project.
Technical Sentiment Signal: Buy
Current Market Cap: A$1.27M
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