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Horizon Minerals Ltd ( (AU:HRZ) ) has shared an announcement.
Horizon Minerals Limited has secured a Share Subscription Agreement with Golden Crane Holdings Limited, raising A$9.625 million through a two-tranche private placement to fund project developments and potentially refinance debt. The funds will support ongoing mining activities at the Boorara and Phillips Find Projects, with initial gold production expected soon, capitalizing on high gold prices. This strategic move enhances Horizon’s operational capacity and industry positioning, offering increased production optionality to stakeholders.
More about Horizon Minerals Ltd
Horizon Minerals Limited is a company operating in the mining industry, focusing on gold production and project development. The company’s primary projects include the Boorara and Phillips Find Projects, where it aims to mine significant quantities of gold ore. Horizon is positioned in the market to leverage high gold prices and advance its suite of development-ready assets.
YTD Price Performance: 0.0%
Average Trading Volume: 20,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €36.96M
Learn more about HRZ stock on TipRanks’ Stock Analysis page.
