Traka Resources Boosts Exploration with New Capital

Traka Resources Limited (AU:TKL) has released an update.

Traka Resources Limited has announced a successful capital raise of approximately $690,000 to fund exploration activities on new and existing projects, alongside the strategic acquisition of an 80% interest in the Mavago and Meponda Projects in Mozambique. These projects are prospective for Rare Earth Elements (REE) and Niobium within carbonatite intrusives. The company also progresses with permit applications for land access and has outlined priority drill programs for the Gorge Creek and Cranbrook projects, targeting REE and uranium.

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