OAR Resources Ltd (AU:OAR) has released an update.
OAR Resources Ltd has successfully completed a $1M capital raise through a share placement to fund its exploration activities in Namibia and Brazil. The funds will be channeled into advancing the acquisition of two Exclusive Prospecting Licences in Namibia, known for its status as the world’s third-largest uranium producer, and initiating exploration for Rare Earth Elements and Uranium in Brazil. The capital injection highlights investor confidence in OAR’s strategic direction and expansion of its global multi-commodity portfolio.
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