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West Cobar Metals Ltd. ( (AU:WC1) ) has issued an announcement.
West Cobar Metals Limited has successfully raised $450,000 through a two-tranche placement of shares, receiving strong support from professional and sophisticated investors. The funds will be used to advance the Bulla Park copper antimony project and complete a gold exploration project acquisition. The placement reflects the company’s strategic focus on expanding its mineral resource projects and strengthening its market position. Shareholder approval will be sought for the second tranche of shares and other related matters at the upcoming general meeting.
More about West Cobar Metals Ltd.
West Cobar Metals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in copper, antimony, and gold projects, with a market focus on advancing its Bulla Park copper antimony project and a strategic gold exploration project in Western Australia’s Fraser Range.
YTD Price Performance: -15.00%
Average Trading Volume: 955,981
Technical Sentiment Consensus Rating: Buy
See more insights into WC1 stock on TipRanks’ Stock Analysis page.