Impact Minerals (ASX: IPT) is pleased to share that IPT has successfully completed its renounceable rights issue, raising $3.63 million to further accelerate its projects.
Announcement Highlights
- Impact will issue 605.4 million new shares and 302.7 million new options, offering increased participation for investors.
- The raised funds will help drive forward the Pre-Feasibility Study for the Lake Hope High Purity Alumina Project and support drilling at the Caligula copper-nickel-platinum-gold target.
- The company has secured WA Government co-funding to support the upcoming drilling program.
Dr Mike Jones, Managing Director of Impact Minerals, said:
“With a 70% take up rate, we are very pleased with the outcome of our rights issue in light of the market conditions during the raise.
We would like to thank all of our shareholders and new investors for their support of the Company and we look forward to completing the Pre-Feasibility Study for the Lake Hope High Purity Alumina Project and undertaking a drill programme at our exciting Caligula copper-nickel-platinum-gold target, where we have WA Government co-funding. The programme will start in the coming weeks on receipt of statutory approvals.”
Get exclusive insights into IPT's latest milestone with Mike Jones:
Congratulations to Dr Mike Jones, the board and the team at Impact Minerals for reaching this milestone.
Read the full Impact Minerals Company Update here.
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