Arrow Minerals Limited (AU:AMD) has released an update.
Arrow Minerals Limited has successfully completed a $5 million capital raising to advance its Niagara Bauxite Project and Simandou North Iron Project, with funds aimed at expediting drilling, economic studies, and metallurgical testing. The company issued new shares at a significant discount, with directors also contributing $300,000, reflecting their confidence in the projects’ potential. This funding initiative underscores Arrow’s commitment to rapid development and delivering value to shareholders.
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