RE: Fund raise4 Dec 2024 07:27
Acceleration is the name of the game...
Net proceeds from the Fundraising will be used for:
working capital flexibility to progress growth investment opportunities while Nalunaq goes through ramp-up;
further resource drilling at Nalunaq with the intention to expand the resource and provide mining flexibility;
further exploration drilling at Nanoq to define resource potential and the development opportunity;
investments in mining equipment, other facilities and green energy production to further optimise operations at Nalunaq;
advancing the Company’s strategic minerals business, alongside JV partners, with further targeted exploration;
additional working capital.