Black Rock Mining Limited ( (AU:BKT) ) just unveiled an update.
Black Rock Mining Limited has successfully raised A$5 million through a placement to institutional and sophisticated investors, priced at A$0.023 per share. The funds will be used for corporate costs and working capital as the company seeks additional funding for its Mahenge Graphite Project. The placement includes the issuance of 217,391,305 ordinary shares, with the new shares expected to settle by mid-March 2025. The company also plans to offer unquoted options to participants, subject to shareholder approval, as part of its strategy to secure further investment and support for its project development.
More about Black Rock Mining Limited
Black Rock Mining Limited is a Tanzanian graphite developer focused on the Mahenge Graphite Project. The company is involved in the exploration and development of graphite resources, aiming to position itself as a significant player in the graphite industry.
YTD Price Performance: -10.0%
Average Trading Volume: 778,923
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$33.81M
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