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.
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