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West Wits Raises $14M to Launch Qala Shallows and Boost Project Control

9:31am on Monday 16th of June, 2025 AEST Mining
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West Wits Raises $14M to Launch Qala Shallows and Boost Project Control

9:31am on Monday 16th of June, 2025 AEST
Key Points
  • Placement of 652.6 million shares at A$0.022 each raising A$14.36 million
  • Free-attaching options exercisable at A$0.0385 subject to shareholder approval
  • Buy-back of 10% minority interest to increase project ownership from 66.6% to 74%
  • Funds allocated for Qala Shallows production commencement and feasibility study review
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