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Macarthur Minerals ( (DE:MMLB) ) just unveiled an update.
Macarthur Minerals Limited has announced a non-renounceable rights issue to raise approximately A$1.996 million. The proceeds will be used to support corporate operations and evaluate strategic options for the Lake Giles Iron Project. The offer is underwritten by Gold Valley Yilgarn Pty Ltd, providing funding certainty and encouraging eligible shareholders to participate.
More about Macarthur Minerals
Macarthur Minerals Limited is a green iron ore company focused on the exploration and development of iron ore assets. The company is involved in the mining industry, primarily dealing with iron ore, and is working on strategic options for its Lake Giles Iron Project.
Technical Sentiment Signal: Sell
Current Market Cap: €1.28M
For a thorough assessment of MMLB stock, go to TipRanks’ Stock Analysis page.