Australian Rare Earths announces A$8.1 million placement to fund Koppamurra project
2022-06-02 15:13:42 [Print]
Australian Rare Earths Limited announced on June 1 that it will raise A$8.1 million in a share placement after receiving firm commitments from domestic and global institutional investors.
The company said proceeds from the placement would be used to fund further resource definition drilling, metallurgical test work, and stakeholder engagement at its Koppamurra clay-hosted rare earths project in South Australia, as well as to fund the evaluation of downstream processing.
The company said proceeds from the placement would be used to fund further resource definition drilling, metallurgical test work, and stakeholder engagement at its Koppamurra clay-hosted rare earths project in South Australia, as well as to fund the evaluation of downstream processing.
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