$2 Million Placement to Advance Selectro and Grass Patch
Filed with ASX · · 3 pages · English
Summary by 6ix AI
Mount Ridley Mines Limited has announced a placement to raise funds for advancing its Selectro Process and Grass Patch Project. The placement aims to accelerate technical and development activities, including flotation and metallurgical testwork. The company received commitments from investors for the placement, which is oversubscribed and includes a commitment from directors for additional funding. Funds will be used for resource definition and ongoing exploration at the Grass Patch Project.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Mount Ridley Mines Limited on 6ix
Story so far
Earlier from Mount Ridley Mines
- Significant Scandium Resource Upgrade
- Selectro Process Now Patent Protected
- MRD Proprietary Leach Tech Delivers Standout Results
- Grass Patch Rare Earths Confirmed to be Hosted in Phosphates
- Block 2 Re-Assays Further Extend Scandium Footprint
Later from Mount Ridley Mines
- Selectro Delivers Best Scandium and REE Recoveries to Date
- Mount Ridley Mines (ASX: MRD) reports 91.8% scandium recovery on half the reagent
- Re-Assays Confirm Further Scandium Beyond Resources
- Mount Ridley (ASX: MRD) reports 91.8% scandium recovery as Sunrise (ASX: SRL) draws conditional US$400m US backing
- Trading Halt
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