Peak Minerals ( (AU:PUA) ) has issued an update.
Peak Minerals Limited has announced the dispatch of its Entitlement Issue Prospectus for a 1 for 10 pro rata non-renounceable entitlement offer to eligible shareholders. The funds raised will support exploration activities at various projects, including the Minta Rutile and Kitongo and Lolo Uranium Projects, as well as provide working capital. This initiative is expected to enhance the company’s exploration capabilities and strengthen its position in the mineral resources sector.
More about Peak Minerals
Peak Minerals Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company is primarily involved in projects related to rutile and uranium, with ongoing exploration activities in Western Australia and new initiatives in the Minta Rutile Project and Kitongo and Lolo Uranium Projects.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $17.42M
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