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Small cap mining duo launch raisings

Small cap mining duo launch raisings Save Share A couple of small cap mining outfits were getting in front of funds on Thursday morning, on the hunt for cash injections. A coupe of mining small caps were getting in front of resources funds on Thursday.  Louise Kennerley Rare earths play Hasting Technology Metals went into a halt during morning trade, seeking $57.2 million in fresh equity. New shares in the placement were being offered to funds at 19¢ a share, which represented a 20.8 per cent discount to the company’s last close and a 9.9 per cent discount to its five-day VWAP. Money raised would go towards developing Hastings’ Yangibana rare earths project in Western Australia – financing things like mine site and engineering works.

Investegate |Gunsynd PLC Announcements | Gunsynd PLC: Exploration Update

  Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce an update on the current exploration programme from Eagle Mountain Mining Limited ( Eagle Mountain ), one of Gunsynd s investee companies, an ASX listed copper-gold exploration and development company (ASX: EM2).   Eagle Mountain has announced drilling results from its 2020 drilling programme at its 80% owned Oracle Ridge Mine Project ( Oracle Ridge ) in Arizona, USA. Assay results have been received from holes WT-20-12, WT-20-13, WT-20-14 and WT-20-15.   Latest drilling results include: · Other significant assay results include: o  2.0m at 2.45% Cu, 14.9g/t Ag and 0.42g/t Au from 228.7m in WT-20-12

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