The latest announcement is out from Castle Minerals Limited ( (AU:CDT) ).
Castle Minerals Limited has successfully raised $3 million through a share placement to fund its exploration activities in Ghana’s Upper West Region. The funds will be used to accelerate drilling campaigns at the Kpali and Kandia Gold Projects, where recent discoveries have shown promising gold mineralization. The company is also undertaking a capital consolidation to reduce share price volatility and enhance investment appeal, particularly to institutional investors. This strategic move is expected to better position Castle for future growth and success in the gold exploration industry.
More about Castle Minerals Limited
Castle Minerals Limited is an exploration company focused on gold projects in Ghana, West Africa. The company is engaged in aggressive exploration activities, particularly in the Upper West Region, with a focus on the Kpali and Kandia Gold Projects.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$5.69M
For detailed information about CDT stock, go to TipRanks’ Stock Analysis page.