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Heavy Rare Earths Limited Raises $1.26 Million Successfully

From Markets Insider

Heavy Rare Earths Limited Raises $1.26 Million Successfully

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Heavy Rare Earths Limited successfully raised approximately $1.26 million through its recent entitlement issue, with a significant portion underwritten by Cygnet Capital and Taylor Collison. Shareholders contributed $527,642.61 by taking up their entitlements, while the remaining shortfall was covered by the underwriters. This fundraising effort reflects strong shareholder support and positions the company for further growth in its rare earth and uranium exploration projects.

For further insights into AU:HRE stock, check out TipRanks' Stock Analysis page.

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