Encounter Resources Limited (AU:ENR) has released an update.
Encounter Resources Limited has successfully raised $10.5 million through a share placement priced at $0.22 per share, issuing over 47 million new shares under its ASX Listing Rule capacities. This capital boost aims to further the company’s efforts in developing its extensive portfolio of copper and critical minerals projects across Australia. Encounter, a notable player in the Australian mineral exploration sector, has several large-scale projects underway in collaboration with industry giants like South32 and IGO.
For further insights into AU:ENR stock, check out TipRanks’ Stock Analysis page.
