Anax Metals Secures Funds for Pilbara Project Growth

Anax Metals Limited (AU:ANX) has released an update.

Anax Metals Limited has successfully completed a strategic placement, securing $2.54 million through the issuance of new shares, aiming to fund exploration and advance project development at the Whim Creek Project. The funds are allocated for a variety of technical studies and drilling programs, with the goal of becoming a leading base metals producer in the Pilbara region. Investors participating in the placement will be granted free attaching options, with shareholder approval being sought for additional options at the annual general meeting.

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