Traka Resources Limited (AU:TKL) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
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.
For further insights into AU:TKL stock, check out TipRanks’ Stock Analysis page.