Saturn Metals Ltd. ( (AU:STN) ) has provided an update.
Saturn Metals Limited has successfully raised $23 million through a two-tranche share placement, with strong backing from both existing and new investors, including significant commitments from Dundee Corporation and Lion Selection Group. This capital, along with an additional $2 million from a Share Purchase Plan, will support the advancement of the Apollo Hill Gold Project, including a Pre-Feasibility Study and maiden Ore Reserve, while also enabling aggressive exploration efforts to expand resources and pursue new discoveries, positioning Saturn strongly in the gold exploration sector.
More about Saturn Metals Ltd.
Saturn Metals Limited is a company in the mining industry, primarily focused on gold exploration and development. Their main project is the Apollo Hill Gold Project, located in the Leonora district, which they are advancing towards development with a focus on increasing resource growth and regional gold discoveries.
YTD Price Performance: 26.83%
Average Trading Volume: 365,794
Technical Sentiment Signal: Sell
Current Market Cap: A$80.31M
See more insights into STN stock on TipRanks’ Stock Analysis page.