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An update from Metal Bank Limited ( (AU:MBK) ) is now available.
Metal Bank Limited has successfully raised approximately $2.42 million through its Entitlement Offer, which was well-supported by existing shareholders, the Underwriter, and new institutional and professional investors. The funds will be used to advance the company’s gold strategy in Western Australia and to assess the graphite potential at the Millennium project in Queensland, supporting its transformation into a revenue-generating operations company.
More about Metal Bank Limited
Metal Bank Limited is a company operating in the mining industry, focusing on gold production in Western Australia and the development of the Millennium copper, cobalt, and graphite project in Queensland. The company is working towards transforming into a revenue-generating entity in both the gold and critical minerals sectors.
Average Trading Volume: 913,700
Technical Sentiment Signal: Buy
Current Market Cap: A$11.28M
For an in-depth examination of MBK stock, go to TipRanks’ Overview page.