Materials stock Rex Minerals (RXM) raises $50 million through a...

• Materials stock Rex Minerals (RXM) raises $50 million through a two-phase placement
• The placement was launched on August 4 and consists of a $5.3 million unconditional placement and a $44.7 million conditional placement
• The first phase has been completed with $5.3 million raised while phase two is subject to shareholder approval
• Rex will use the money to fund pre-development activities at its Hillside Copper Project and continue exploration activities at Hog Ranch

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