MRG Metals Secures Funding to Advance Garies Rare Earth Project
MRG Metals Limited (ASX: MRQ) has strengthened its funding position after increasing its placement to AU$725,000, issuing 362.75 million shares at AU$0.002 each. The company also introduced a Share Purchase Plan aimed at raising up to AU$750,000, allowing qualifying shareholders to invest as much as AU$30,000 each in newly issued shares. Funds will primarily support development and exploration activities across its rare earth portfolio.
Capital will be directed toward the 70%-owned Garies Rare Earth Project in South Africa, including resource expansion drilling at DrillTarg, advancement of the Mining Licence Application and testing of additional exploration targets. MRG is also seeking strategic partners to potentially support pilot plant development.
DrillTarg has delivered a peak intersection of 6.6 metres at 4.49% TREO, while metallurgical testing achieved around 72% monazite recovery. MRG also plans to extend its auger drilling campaigns across the Adriano and Fotinho rare earth assets in Mozambique.
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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MRG Metals Secures Funding to Advance Garies Rare Earth Project
MRG Metals Limited (ASX: MRQ) has strengthened its funding position after increasing its placement to AU$725,000, issuing 362.75 million shares at AU$0.002 each. The company also introduced a Share Purchase Plan aimed at raising up to AU$750,000, allowing qualifying shareholders to invest as much as AU$30,000 each in newly issued shares. Funds will primarily support development and exploration activities across its rare earth portfolio.
Capital will be directed toward the 70%-owned Garies Rare Earth Project in South Africa, including resource expansion drilling at DrillTarg, advancement of the Mining Licence Application and testing of additional exploration targets. MRG is also seeking strategic partners to potentially support pilot plant development.
DrillTarg has delivered a peak intersection of 6.6 metres at 4.49% TREO, while metallurgical testing achieved around 72% monazite recovery. MRG also plans to extend its auger drilling campaigns across the Adriano and Fotinho rare earth assets in Mozambique.
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