- Sovereign Metals (SVM) has tapped institutional investors for a tidy $8 million in a placement backed by Sprott Group affiliates
- Sovereign offered up 20,000,000 new company shares at 40 cents apiece under the placement, with a one-for-two unlisted option attached to each
- The fresh capital is set to fuel exploration and drilling endeavours at the company's flagship rutile Kasiya deposit in Malawi
- The news also follows a new discovery target within the region, which Sovereign says shows high-grade mineralisation and touts a nine-kilometre strike lengthSovereign is trading steady at 45 cents per share on Tuesday morning
To read the full article on The Market Herald click here.
Sovereign Metals (ASX:SVM) looks to bank $8M under new Sprott investment
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Last
51.0¢ |
Change
-0.010(1.92%) |
Mkt cap ! $287.1M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 52.0¢ | 50.5¢ | $170.1K | 331.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 7 | 64987 | 51.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 51.5¢ | 6897 | 1 |
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| Last trade - 15.59pm 24/04/2024 (20 minute delay) ? |
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Last
51.5¢ |
Change
-0.010 ( 0.96 %) |
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| Open | High | Low | Volume | ||
| 51.0¢ | 52.0¢ | 50.5¢ | 58228 | ||
| Last updated 15.55pm 24/04/2024 ? | |||||
| SVM (ASX) Chart |