Sunstone Metals Limited (AU:STM) has released an update.
Sunstone Metals Limited has successfully completed a $2.5 million fundraising placement to advance its gold and copper projects in Ecuador, with plans to prepare mineral resource estimates and explore partnership opportunities. The placement was accompanied by a share purchase plan (SPP) for eligible shareholders, aiming to raise an additional $2 million. These strategic moves are designed to maximize shareholder value and expedite the development of the company’s resource base.
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