Impact Minerals Limited ( (AU:IPT) ) has shared an update.
Impact Minerals Limited successfully completed its renounceable rights issue, raising $3.63 million before costs. The company issued over 605 million new shares and 302 million options, despite challenging market conditions. The funds will support the completion of a Pre-Feasibility Study for the Lake Hope High Purity Alumina Project and a drill program at the Caligula target, co-funded by the WA Government. The rights issue was well-received with a 70% take-up rate, and Impact Minerals welcomes new investors to its register.
More about Impact Minerals Limited
Impact Minerals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is engaged in projects related to high purity alumina, copper, nickel, platinum, and gold, with a particular focus on the Lake Hope High Purity Alumina Project and the Caligula copper-nickel-platinum-gold target.
Technical Sentiment Signal: Buy
Current Market Cap: €12.68M
Find detailed analytics on IPT stock on TipRanks’ Stock Analysis page.