The latest update is out from Ariana Resources ( (GB:AAU) ).
Ariana Resources PLC has announced a conditional fundraising initiative to raise approximately £1.15 million through a combination of placing and direct subscription of new ordinary shares. The funds will be used to provide working capital and support ongoing feasibility studies at the Dokwe Project, ensuring the company meets its immediate exploration and development needs until July 2025. The initiative reflects Ariana’s strategic efforts to secure additional funding, with discussions underway for further financial arrangements.
More about Ariana Resources
Ariana Resources PLC is an AIM-listed mineral exploration and development company with interests in gold projects across Africa and Europe.
YTD Price Performance: -5.41%
Average Trading Volume: 1,675,564
Technical Sentiment Signal: Buy
Current Market Cap: £32.6M
For an in-depth examination of AAU stock, go to TipRanks’ Stock Analysis page.