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The latest announcement is out from MAX Resource ( (TSE:MAX) ).
Max Resource Corp. has announced that its Australian subsidiary, Max Iron Brazil Ltd., plans to undertake an initial public offering on the Australian Securities Exchange (ASX), aiming to raise between AUD$6 million and AUD$10 million. The proceeds from this offering will be used to advance the Florália Hematite Project in Brazil and for general working capital. The offering is subject to regulatory approvals and shareholder consent, with a meeting scheduled for February 26, 2025, to seek necessary approvals. The listing on the ASX is contingent on receiving in-principle approval, which has not yet been confirmed.
More about MAX Resource
Max Resource Corp. is a company involved in resource exploration and development, with a focus on projects in Brazil. The company operates primarily in the mining sector, exploring for various minerals and advancing projects like the Florália DSO Hematite Project.
YTD Price Performance: -8.33%
Average Trading Volume: 131,463
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$9.89M
Find detailed analytics on MAX stock on TipRanks’ Stock Analysis page.
