Manuka Resources Ltd (AU:MKR) has released an update.
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Manuka Resources Ltd has bolstered its financial position by raising $2.4 million through convertible notes, aimed at supporting business operations and debt refinancing. This move aligns with their strategic focus on restarting gold production at Mt Boppy and advancing approvals for a vanadium-rich iron sand project in New Zealand. The funding will also facilitate the completion of the Fast Track project approvals process in New Zealand.
For further insights into AU:MKR stock, check out TipRanks’ Stock Analysis page.
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