Andromeda Metals Limited (AU:ADN) has released an update.
Andromeda Metals Limited has successfully completed a $3.4 million share placement to sophisticated and institutional investors, with plans to raise an additional $3.1 million through a non-renounceable entitlement offer to eligible shareholders. The combined fundraising efforts aim to generate up to $6.5 million. The funds are intended for the advancement of plant design and engineering, product and market development, and to cover various project development costs for the Great White Project.
For further insights into AU:ADN stock, check out TipRanks’ Stock Analysis page.