Akora Resources Ltd. ( (AU:AKO) ) just unveiled an update.
AKORA Resources Limited has announced a share placement raising $1.293 million, involving commitments from its first institutional investor, an iron ore industry participant, and its Board and Management. The proceeds will be used to further strategic investor discussions and progress essential logistics activities related to the Bekisopa project, including environmental and social impact assessments for key infrastructure. The funding is expected to enhance AKORA’s ability to attract strategic partners and unlock the full value of its iron ore project post the release of its Pre-Feasibility Study.
More about Akora Resources Ltd.
AKORA Resources Limited is a company focused on the iron ore industry, with a primary market focus on developing its high-grade iron ore project at Bekisopa.
YTD Price Performance: 40.0%
Average Trading Volume: 61,573
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$17.56M
For a thorough assessment of AKO stock, go to TipRanks’ Stock Analysis page.