Lykos Metals Limited ( (AU:LYK) ) has provided an update.
Lykos Metals Limited has successfully secured commitments to raise approximately A$0.4 million through a placement of shares at a discount, aimed at funding exploration, development, and evaluation of new opportunities. The placement was well-received by investors and is structured to minimize dilution for existing shareholders, with CPS Capital Group acting as the lead manager. The company remains optimistic about obtaining a favorable outcome for its Sockovac Project and continues to engage with relevant authorities.
More about Lykos Metals Limited
Lykos Metals Limited operates in the mining industry, focusing on the exploration and development of mineral projects. The company is engaged in evaluating new opportunities and is actively involved in discussions with the Ministry of Energy and Mining regarding its Sockovac Project.
YTD Price Performance: 10.0%
Average Trading Volume: 166,418
Technical Sentiment Signal: Buy
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