Successful flow-through raising and placement, SPP launched
Filed with ASX · · 5 pages · English
Summary by 6ix AI
The funds will be used to support major drilling programs aimed at expanding resources and exploring known spodumene-bearing targets in the James Bay region of Canada. Additionally, a Share Purchase Plan will be offered to eligible shareholders at the same price as the traditional placement.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from Cygnus Metals
- Presentation for Pontax Maiden Resource
- Maiden Resource at Pontax Project
- Cygnus expands landholding at highly prospective Auclair
- Spodumene-bearing pegmatite boulders identified at Auclair
- Satisfaction of Pontax earn-in milestone
Later from Cygnus Metals
- Large spodumene-bearing pegmatite outcrop discovery, Auclair
- Second drill rig and channel sampling at Auclair
- High grade assays and large widths at Bencubbin REE Project
- Auclair spodumene-bearing pegmatites grading up to 6.5% Li2O
- Three large and new spodumene-bearing pegmatites, Auclair
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