30
Apr
02:04
Lincoln Minerals raises funds for magnetite project
Australian miner Lincoln Minerals is raising AUD 3 million ($1.97m) to progress its South Australia assets, including a 'green iron' project, Kallanish notes.
In a statement, the firm announces an underwritten share purchase plan (SPP) to raise AUD 1.5 million and a potential placement targeted to raise up to an additional AUD 1.5 million, upon the completion of the SPP. The SPP issue price is AUD 0.007 per share.
The proceeds will allow rapid progress on…
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Very good overview of the weekly steel market.
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