Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Connected IO Ltd. ( (AU:CML) ) has issued an update.
Connected Minerals Ltd has recommenced trading on the ASX and raised approximately $5.1 million through a Shortfall and Placement offer and an Entitlement Offer. The company has completed its transformation into a junior exploration company with the acquisition of exploration assets in Namibia and Australia. It has initiated an aggressive exploration program in Namibia’s Etango North-East Project, with significant high-grade uranium mineralization confirmed. The results from the maiden exploration will guide the definition of drill targets for upcoming drilling. Additionally, Connected Minerals has acquired full ownership of three exploration licenses in Western Australia, indicating multi-commodity potential.
More about Connected IO Ltd.
Connected Minerals Ltd is a junior exploration company operating in the minerals industry, focusing on the exploration of uranium and other commodities. It holds a portfolio of assets in Namibia and Australia, aiming to leverage these strategic locations for mineral exploration.
YTD Price Performance: 0.0%
Average Trading Volume: 122,364
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$11.16M
Learn more about CML stock on TipRanks’ Stock Analysis page.
