RE: RNS - Director Buys19 Apr 2023 11:10
This is cashed up post placing, with the bonus of some huge catalysts ahead
£550k raised at 3.5p in March
"The net proceeds of the Placing will be put towards further test work and studies for the advancement of the Amitsoq project in Greenland, including work on the scoping study; the processing of a 700kg bulk sample of graphite ore; electrochemical test work on Amitsoq HPSG (high purity spherical graphite); and ongoing work towards the completion of Environmental and Social Impact Assessments. The net proceeds will also support further commercial negotiations with potential offtake and financial partners, and general working capital requirements."