WA1 Resources Ltd (AU:WA1) has released an update.
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WA1 Resources Ltd has successfully secured A$60 million through a placement of new shares to fund the development of their West Arunta Project, including drilling, testwork, and permitting activities. The placement, at A$17 per share, was backed by existing shareholders and new investors, indicating confidence in the company’s potential. The capital injection aims to accelerate project development and expand exploration.
For further insights into AU:WA1 stock, check out TipRanks’ Stock Analysis page.