Heavy Minerals Ltd (AU:HVY) has released an update.
Heavy Minerals Ltd has made strides in the March quarter, progressing with the Port Gregory Garnet Project (PGGP) by advancing its Pre-Feasibility Study and securing a non-binding MoU for 15% of future production. The company has also successfully extended exploration licences, raised $430K through a Share Purchase Plan, and commenced project permitting. These developments signal strong shareholder support and move the PGGP closer to commercialization.
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