A$6.5M Institutional Placement to Fund Feasibility Studies
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Sovereign Metals Limited has announced an institutional placement to raise funds for feasibility studies at the Malingunde Flake Graphite Project. The company aims to raise gross proceeds through the issuance of new ordinary shares to institutional and sophisticated investors. Proceeds will expedite the development of the project, including technical works necessary for prefeasibility and definitive feasibility studies. The placement will occur in two tranches, with the first tranche expected to complete shortly.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Watch Sovereign Metals' latest callSovereign Metals (ASX:SVM) — Investor Presentation · Replay · Oct 21Read the transcript of Sovereign Metals (ASX:SVM) — Investor PresentationSovereign Metals Limited on 6ix
Story so far
Earlier from Sovereign Metals
- MOU Signed for Malingunde Rail and Port Services
- Physical Processing Achieves Exceptional Purity Concentrates
- Malingunde Concentrates Suitable For All Major End Markets
- June 2017 Quarterly Reports
- Scoping Study Delivers Rare Combination of Low Capex & Opex
Later from Sovereign Metals
- September 2017 Quarterly Reports
- Commencement of PFS at Malingunde
- Infill Drilling Complete to Rapidly Advance Malingunde PFS
- SVM Secures Additional Ground Along Strike from Malingunde
- PFS Update - SVM Rapidly Progresses Activities at Malingunde
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