Sunstone Metals Limited (AU:STM) has released an update.
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Sunstone Metals Limited has successfully raised $4.0 million through an oversubscribed Share Purchase Plan (SPP), in addition to a previous $2.5 million placement, bolstering its financial position for upcoming projects in Ecuador. The fresh capital will enable Sunstone to work on their maiden Mineral Resource Estimate at El Palmar, further explore the Limon discovery at Bramaderos, and advance partnership discussions to enhance exploration and resource growth. Enthusiasm from shareholders was evident as they fully subscribed to the SPP, supporting the company’s strategy to develop its gold and copper projects.
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