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QMines raises above target as Mt Chalmers funding push gathers pace
9:47am on Tuesday 3rd of November, 2026 AEDT
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Mining
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QMines raises above target as Mt Chalmers funding push gathers pace
9:47am on Tuesday 3rd of November, 2026 AEDT
Key Points
$5.5 million placement at $0.052 per share, above the $5 million target
105.6 million new shares to be issued, representing equity dilution
Funds directed to the Mt Chalmers DFS, drilling and strategic land acquisitions
Potential funding position of approximately $17.5 million, including deferred proceeds
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