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Technology Metals Australia in cash call

May 21, 2023
Source: afr.com afr.com
News Snapshot:
Technology Metals Australia, which counts Resource Capital Fund as its 17.1 per cent shareholder, had two brokers building support for a $10 million capital raising over the weekend ahead of a launch on Monday. Fund managers fielded calls from Bridge Street Capital Partners and Ashanti Capital, who were offering shares at 28¢ – or a 12.5 per cent discount to the last close. The vanadium explorer was down to $8.1 million cash at the end of March, and is plugging away at its West Australian project Murchison. Potential backers were told the company had a big market in batteries, where...
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