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Summit Minerals Secures $1.67M to Boost Brazilian Exploration
9:22am on Monday 15th of September, 2025 AEST
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Summit Minerals Secures $1.67M to Boost Brazilian Exploration
9:22am on Monday 15th of September, 2025 AEST
Key Points
Placement raises $593,000 from new sophisticated investors
Fully underwritten one-for-three non-renounceable Rights Issue to raise ~$1.08 million
Rights Issue priced at $0.03 per share, representing an 18.9% discount to last close
Funds earmarked for Brazilian exploration, project acquisitions, and working capital
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Summit Minerals (ASX:SUM)
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