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Novo Resources Raises A$6.2M, Faces A$23.8M Valuation Hit
3:42pm on Friday 6th of March, 2026 AEDT
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Novo Resources Raises A$6.2M, Faces A$23.8M Valuation Hit
3:42pm on Friday 6th of March, 2026 AEDT
Key Points
Completion of Tranche 1 placement raising ~A$6.2 million
Issuance of ~8.4 million units in Canada and ~50.6 million CDIs outside Canada
Valuation write-down of Elementum 3D investment by ~A$13.18 million
Impairment of tenements valued at ~A$10.67 million
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NOVO RESOURCES (ASX:NVO)
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