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Variscan Mines Raises A$2.5M to Accelerate Zinc Growth in Spain and Ireland

10:14am on Tuesday 5th of August, 2025 AEST Mining
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Variscan Mines Raises A$2.5M to Accelerate Zinc Growth in Spain and Ireland

10:14am on Tuesday 5th of August, 2025 AEST
Key Points
  • Two-tranche placement raising A$2.5 million at a 28.6% discount
  • Funds allocated to drilling, Mine ReStart Study, and updated resource estimates in Spain
  • Low-risk earn-in agreement to acquire up to 60% interest in Irish zinc assets
  • Placement introduces new investors and is supported by existing shareholders
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