Adriatic Metals raises A$80mln to fast-track Vares project
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Adriatic Metals has successfully raised A$80 million through an institutional placing to accelerate its Vares project. The company issued 20.5 million CHESS Depositary Interests at A$3.90 each.
February 18, 2025 | 8:30 am
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Adriatic Metals raised A$80 million to expedite its Vares project, issuing 20.5 million CDIs at A$3.90 each.
The successful equity raise provides Adriatic Metals with significant capital to accelerate its Vares project, likely boosting investor confidence and potentially increasing the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100