Macarthur Minerals Raises Funds for Growth

Macarthur Minerals (TSE:MMS) has released an update.

Macarthur Minerals Limited announces a private placement to raise A$2 million, targeting sophisticated investors, with options included. The funds are aimed at boosting the company’s working capital and advancing the Lake Giles magnetite project. They also look forward to their collaboration with Golden Valley to commence production of hematite ore.

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