Admiralty Resources NL (AU:ADY) has released an update.
Admiralty Resources NL has successfully completed a private placement, raising $733,831.85 by issuing shares at a discount to support the Mariposa Iron Ore Project as it nears the pre-production stage. The funds will contribute to working capital, with new shares to be issued that will rank equally with the existing ones. Admiralty, with interests in Chile and Australia, is progressing towards its first iron ore production in 2024 and expanding its capacity the following year.
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