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An update from Matsa Resources Limited ( (AU:MAT) ) is now available.
Matsa Resources Limited has successfully raised $3.13 million from a share placement to expedite the development of the Devon Pit Gold Mine. The placement attracted support from major shareholders and a new investor, The Flagship Fund, highlighting confidence in Matsa’s projects and potential for rapid advancement in gold production. The funds will be used to initiate mining activities at Devon and meet working capital needs, with agreements with contractors and lenders expected to be finalized soon.
More about Matsa Resources Limited
Matsa Resources Limited is a company operating in the mining industry, primarily focused on the development and mining of gold resources. The company is actively engaged in projects such as the Devon Pit Gold Mine and is supported by significant shareholders including Deutsche Balaton and Bulletin Resources Limited.
YTD Price Performance: -5.00%
Average Trading Volume: 23,495
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €14M
See more insights into MAT stock on TipRanks’ Stock Analysis page.
