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QMines Ltd. ( (AU:QML) ) has issued an update.
QMines Limited has reminded its shareholders of the opportunity to participate in its Share Purchase Plan (SPP), allowing them to purchase up to $30,000 worth of shares at $0.055 per share without incurring brokerage or transaction costs. The funds raised through this plan, along with those from a recent placement, will be used to further explore the company’s Mount Mackenzie gold and silver project and for general working capital. This initiative is part of QMines’ strategy to enhance its exploration activities and strengthen its financial position.
More about QMines Ltd.
QMines Limited is a Queensland-focused exploration and development company specializing in copper and gold. The company owns 100% of the Mt Chalmers and Develin Creek deposits, both located near Rockhampton, Queensland. Mt Chalmers is a historic high-grade mine, and the company aims to discover new resources, commercialize existing deposits, and transition towards sustainable copper production.
Average Trading Volume: 1,641,327
Technical Sentiment Signal: Hold
Current Market Cap: A$29.87M
For a thorough assessment of QML stock, go to TipRanks’ Stock Analysis page.