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Encounter Resources Advances Niobium Project with $15M Capital Boost
8:17am on Thursday 30th of January, 2025 AEDT
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Mining
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Encounter Resources Advances Niobium Project with $15M Capital Boost
8:17am on Thursday 30th of January, 2025 AEDT
Key Points
Over 50,000 metres of drilling completed at Aileron in 2024
Discovery of extensive high-grade niobium zones at Green, Crean, and Emily prospects
Raised $15 million through institutional share placement at $0.35 per share
Strong cash position of approximately $22.7 million to fund exploration and development
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Encounter Resources (ASX:ENR)
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