Walkabout Resources raises A$6.4 million to commence construction of Lindi Jumbo Graphite Mine
The company received firm commitments led by institutional investors in Australia in Stage 1 of its Companion Equity process. The initial tranche of project funding allows WKT to mobilise the major contracts to begin construction.
Walkabout Resources Ltd (ASX:WKT) (FRA:N6D) has raised A$6.4 million in tranche one of a staged placement that will enable it to advance construction of the flagship Lindi Jumbo Graphite Mine in Tanzania.
The company has received firm commitments led by institutional investors in Australia in the first stage of its Companion Equity process.