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Southern Palladium Ltd. ( (AU:SPD) ) has issued an update.
Southern Palladium Ltd. has successfully secured A$20 million through a two-tranche placement, supported by its largest shareholder and new global institutional investors, to advance the Definitive Feasibility Study and mine development at the Bengwenyama PGM project. This strategic capital raising positions the company to achieve key milestones, including the expected receipt of a Mining Right and progress towards a Final Investment Decision in 2026, reflecting strong investor interest in the company’s long-term value proposition.
More about Southern Palladium Ltd.
Southern Palladium Ltd. operates in the mining industry, focusing on the exploration and development of platinum group metals (PGM) projects. The company is particularly involved in the Bengwenyama PGM project, which is a significant focus of its operations.
Average Trading Volume: 108,914
Technical Sentiment Signal: Buy
Current Market Cap: A$133.7M
See more insights into SPD stock on TipRanks’ Stock Analysis page.