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Pinnacle Minerals Limited (ASX:PIM)

ALERT: Price-sensitive ASX Announcement for PIM
Current share price for PIM : $0.048 0.008 (20%)+
Announcement
Release
30 Jul 2025 9:12AM
Price at Release
$0.040
Full Release
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Summary
Pinnacle Minerals Limited announced a capital raising through a placement to raise approximately $1.76 million. The placement is aimed at advancing the company's mineral exploration projects, particularly focusing on key assets such as the Adina East and White Knight Lithium Projects in Canada, and the Bobalong and Holly Kaolin Projects in Western Australia. The placement received strong support from existing shareholders, directors, and new investors, highlighting confidence in the company's strategic direction. The raised funds are earmarked for exploration activities, project development, and general working capital, positioning Pinnacle Minerals for further growth and value creation.
Key Points
  • Pinnacle Minerals Limited launched a placement to raise $1.76 million.
  • Funds will be used to progress Canadian lithium projects and Western Australian kaolin projects.
  • Significant support was received from shareholders, directors, and new investors.
  • Proceeds to fund exploration, project development, and general working capital needs.
  • The placement strengthens the company’s financial position and supports its growth strategy.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.