Sky Metals Limited (AU:SKY) has released an update.
Sky Metals Ltd is set to raise $6 million to fund the next phase of its Tallebung Tin Project in NSW, which includes resource expansion drilling and further metallurgical studies. The capital raising will be achieved through a share placement priced at $0.05 per share, attracting strong interest from both existing shareholders and new investors. This funding positions Sky Metals to advance the project towards mining feasibility studies, highlighting the project’s promising potential.
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