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Western Mines Group Boosts Exploration with $6M Funding
Company Announcements

Western Mines Group Boosts Exploration with $6M Funding

Western Mines Group Ltd (AU:WMG) has released an update.

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Western Mines Group Ltd has announced securing a $6m At-the-Market (ATM) funding facility with Alpha Investment Partners to bolster exploration efforts at the Mulga Tank Ni-Cu-Co-PGE Project in Western Australia. This flexible financing arrangement grants WMG full control over the timing and terms of equity capital use, with the ability to set a floor price for share issuances. The company emphasizes the ATM’s advantages, including minimal dilution and the freedom to end the agreement without cost, thereby enhancing WMG’s strategic capital management capabilities.

For further insights into AU:WMG stock, check out TipRanks’ Stock Analysis page.

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