Moab Minerals Completes Strategic Share Placement to Support Exploration Initiatives

An update from Delecta Limited ( (AU:MOM) ) is now available.

Moab Minerals Limited has successfully completed a placement of 166,666,667 fully paid ordinary shares at a price of $0.003 per share. This strategic move, which was executed without disclosure under specific provisions of the Corporations Act, is expected to bolster the company’s financial position and support its ongoing exploration and development projects. The announcement underscores Moab’s compliance with regulatory requirements and its commitment to transparency, potentially enhancing its standing among stakeholders and within the industry.

More about Delecta Limited

Moab Minerals Limited is an exploration and project development company with a diverse portfolio of projects, including uranium projects in Tanzania, a uranium-vanadium project in Colorado, and a copper-cobalt project in Nevada. The company also holds a significant interest in CAA Mining, which focuses on lithium and gold exploration in Ghana, expanding Moab’s reach in the junior exploration sector.

Current Market Cap: €2.01M

For detailed information about MOM stock, go to TipRanks’ Stock Analysis page.