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CuFe Limited ( (AU:CUF) ) has shared an announcement.
CuFe Ltd has announced the issuance of 1,128,382 shares to a supplier for services and 88,235,294 shares as part of a placement, increasing its total issued capital to 1,435,938,541 ordinary shares. This strategic move is expected to bolster the company’s capital structure, enhancing its ability to pursue high-grade iron ore and copper projects, potentially strengthening its market position and offering new opportunities for stakeholders.
More about CuFe Limited
CuFe Ltd (ASX: CUF) is an emerging copper and iron ore company with a strategy focused on near-term, high-grade premium product iron ore projects and exposure to copper, a key strategic metal. The company has interests in various projects and tenements prospective for iron ore, copper, and gold, all located in Australia.
YTD Price Performance: 70.0%
Average Trading Volume: 2,545,129
Technical Sentiment Signal: Buy
Current Market Cap: A$22.89M
See more data about CUF stock on TipRanks’ Stock Analysis page.