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Yandal Resources Ltd. ( (AU:YRL) ) just unveiled an update.
Yandal Resources Ltd. has successfully raised $13.5 million through a share placement, issuing 46.4 million new shares at a price of $0.29 each. The funds will be used to accelerate exploration activities across key projects, including the Caladan target area and Arrakis Prospect, as well as the Ironstone Well-Barwidgee Gold Project. This capital injection positions Yandal in a strong financial state to pursue its strategic goals and potentially increase shareholder value.
More about Yandal Resources Ltd.
Yandal Resources Ltd. is a company operating in the mining industry, focusing on exploration and development of gold projects. The company is primarily engaged in expanding its exploration programs across various target areas, with a strong emphasis on enhancing shareholder value through successful discoveries.
Average Trading Volume: 529,670
Technical Sentiment Signal: Buy
Current Market Cap: A$98.96M
Find detailed analytics on YRL stock on TipRanks’ Stock Analysis page.