Enova Mining Limited Strengthens Funding to Accelerate Critical Minerals Exploration
Enova Mining Limited (ASX: ENV) has secured firm commitments to raise AU$2 million through a strongly supported share placement, reflecting solid investor backing for its critical mineral’s strategy. The capital will be directed toward advancing drilling, sampling, and test work at the East Salinas project in Brazil, where recent exploration confirmed ionic adsorption clay rare earth mineralisation. Funds will also support preparations for deeper diamond drilling at Charley Creek to test extensions of previously identified high-grade mineralisation, alongside metallurgical studies at the CODA project and broader regional exploration initiatives.
The placement was priced at AU$0.006 per share and attracted demand above the targeted amount, resulting in scaling of applications. With two drilling programs planned across prospective assets in 2026, the company is positioning itself to build exploration momentum across its diversified portfolio in Australia and Brazil, aiming to capitalise on rising demand for rare earth elements and battery-related critical minerals.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Enova Mining Limited Strengthens Funding to Accelerate Critical Minerals Exploration
Enova Mining Limited (ASX: ENV) has secured firm commitments to raise AU$2 million through a strongly supported share placement, reflecting solid investor backing for its critical mineral’s strategy. The capital will be directed toward advancing drilling, sampling, and test work at the East Salinas project in Brazil, where recent exploration confirmed ionic adsorption clay rare earth mineralisation. Funds will also support preparations for deeper diamond drilling at Charley Creek to test extensions of previously identified high-grade mineralisation, alongside metallurgical studies at the CODA project and broader regional exploration initiatives.
The placement was priced at AU$0.006 per share and attracted demand above the targeted amount, resulting in scaling of applications. With two drilling programs planned across prospective assets in 2026, the company is positioning itself to build exploration momentum across its diversified portfolio in Australia and Brazil, aiming to capitalise on rising demand for rare earth elements and battery-related critical minerals.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au