Matsa Resources Limited (AU:MAT) has released an update.
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Matsa Resources Limited has confidently secured $2.15 million in a share placement supported by existing shareholders and new strategic investors, aiming to fund ambitious gold and lithium projects in Australia and Thailand. The capital raised will finance exploration and drilling activities, notably an 800-meter deep drill at Fortitude North backed by the West Australian government, and advance the Devon Pit Gold Mine and Thailand lithium ventures. Matsa’s market capitalization stands at $15.32 million, with a shareholder meeting planned to approve further share and option allocations due to oversubscription.
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