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Arrow Minerals Raises $7M to Propel Niagara Bauxite and Simandou Iron Projects
9:21am on Wednesday 29th of January, 2025 AEDT
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Arrow Minerals Raises $7M to Propel Niagara Bauxite and Simandou Iron Projects
9:21am on Wednesday 29th of January, 2025 AEDT
Key Points
Successful $7 million placement to institutional and sophisticated investors
Funds allocated to maiden JORC resource estimate and scoping study at Niagara Bauxite Project
Further drilling, metallurgical testing, and permitting planned for both projects
Placement includes 185 million new shares at A$0.038 and free attaching options
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