Freehill Mining Limited has achieved its highest daily deliveries of industrial sand and gravel, fueling growth in Chile’s cement and construction sectors. The company is scaling operations with plant upgrades and expanding its customer base.
Freehill Mining Limited has increased its capital raising to $540,000 through a share placement and free-attaching options, aiming to support its processing operations in Chile and strengthen working capital.
Freehill Mining has secured $300,000 through a non-brokered placement to fund capital upgrades in its Chilean aggregates business and explore higher-value commodity opportunities.
Freehill Mining reported a transitional quarter marked by a dip in sales due to project cycles but offset by strategic site acquisitions and a successful capital raise. The company is poised for growth with new processing sites and promising magnetite test results.