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West Wits Raises $27.5M to Launch Gold Production and Expand Uranium Drilling

7:02pm on Tuesday 20th of January, 2026 AEDT Mining
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West Wits Raises $27.5M to Launch Gold Production and Expand Uranium Drilling

7:02pm on Tuesday 20th of January, 2026 AEDT
Key Points
  • A$27.5 million raised via institutional-led equity placement
  • Funds fully cover development to sustainable gold production at Qala Shallows
  • Placement shares issued at 7% discount with attached unlisted options
  • Capital allocated to uranium drilling and scoping study for Project 200
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