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Why has WA1 Resources raised A$15 million in a new financing round? — ASX:WA1| ASX Mining News & Discussion
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Lykeshares Official
$WA1 Why has WA1 Resources raised A$15 million in a new financing round?
WA1 Resources Ltd (ASX: WA1), an exploration and development company, has successfully secured firm commitments for an institutional Placement to raise gross proceeds of A$15 million (before costs). The significant funds will be utilized to advance the company's West Arunta Project.

Who is backing the financing round?

The Placement has garnered strong support from an offshore fund and existing domestic institutional shareholders. This indicates a favorable sentiment towards WA1's prospects among both local and international investors.

What will the funds be used for?

The A$15 million raised from the Placement will primarily be applied towards expanded drilling and development activities at the West Arunta Project. These activities include ongoing exploration efforts, development studies, and upcoming metallurgical programs. Additionally, a portion of the funds will be allocated to administration/corporate costs and general working capital.

When will the additional shares be issued?

The Placement will result in the issue of 3 million new shares in two Tranches. Tranche ...
Why has WA1 Resources raised A$15 million in a new financing round?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?