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Summit Minerals Secures $1.67M to Boost Brazilian Exploration

9:22am on Monday 15th of September, 2025 AEST Mining
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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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