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ETM Secures A$9.35m to Propel Greenland’s Kvanefjeld Rare Earths Project

10:02am on Tuesday 21st of January, 2025 AEDT Mining
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ETM Secures A$9.35m to Propel Greenland’s Kvanefjeld Rare Earths Project

10:02am on Tuesday 21st of January, 2025 AEDT
Key Points
  • Raised A$9.35 million via institutional placement at A$0.068 per share
  • Strong support from global investors, adding new international shareholders
  • Funds allocated to expand Greenland operations and update project parameters
  • Pro forma cash position strengthened to A$20 million post-placement
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