Clara Resources Plans $2.1 Million Capital Raising

Aus Tin Mining Limited (AU:C7A) has released an update.

Aus Tin Mining Limited’s Clara Resources is set to raise up to $2.1 million through a combination of institutional placement and entitlement offer, aimed at advancing its Ashford Coking Coal project. The funding will support a Preliminary Feasibility Study and further drilling efforts to enhance resource estimates. This strategic financial move is expected to strengthen Clara’s project development capabilities and expand its resource potential.

For further insights into AU:C7A stock, check out TipRanks’ Stock Analysis page.