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Hawk Resources Issues New Shares and Options to Support Exploration Efforts

Story Highlights
  • Hawk Resources focuses on critical and precious metal exploration in the USA and Brazil.
  • The company issued shares and options to support ongoing projects and data analysis.
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Hawk Resources Issues New Shares and Options to Support Exploration Efforts

Alderan Resources Ltd. ( (AU:HWK) ) has provided an update.

Hawk Resources Limited has issued 31,825,000 fully paid ordinary shares and 51,912,500 HWKO Listed Options, as announced in their Section 708A Cleansing Notice. This issuance, compliant with the Corporations Act, supports their ongoing projects, including an electromagnetic survey in the Cactus district, with data processing and interpretation expected to conclude by March 2025.

More about Alderan Resources Ltd.

Hawk Resources Limited specializes in critical and precious metal exploration, focusing on copper and gold projects in Utah, USA, and lithium projects in Minas Gerais and Bahia, Brazil. The company aims to rapidly discover, delineate, and develop metal deposits for mining, leveraging underexplored geological belts with high discovery potential.

Average Trading Volume: 255,977

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$5.26M

See more insights into HWK stock on TipRanks’ Stock Analysis page.

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