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Krakatoa Raises $2.4 Million to Fund Initial Zopkhito Stake and Exploration
9:20am on Friday 7th of August, 2026 AEST
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Mining
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Krakatoa Raises $2.4 Million to Fund Initial Zopkhito Stake and Exploration
9:20am on Friday 7th of August, 2026 AEST
Key Points
Placement raises $2.4 million at $0.006 per share
Hong Kong investor commits $1.8 million, gaining 14.9% post-placement stake
Funds to acquire initial 10% of Zopkhito via Georgian subsidiary
Placement proceeds to advance drilling, metallurgical tests, and mining studies
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Krakatoa Resources (ASX:KTA)
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