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Strategic Energy Resources Limited (ASX:SER)

ALERT: Price-sensitive ASX Announcement for SER
Current share price for SER : $0.130 -0.015 (-10.34%)+
Announcement
Release
29 Jun 2026 10:18AM
Price at Release
$0.145
Full Release
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Summary
Strategic Energy Resources Limited (SER) has successfully raised $1.5 million to support its high-impact drill program at the Diamantina Copper-Gold Project in Queensland. The funds were raised through a share placement of A$1.25 million and a share purchase plan (SPP) of A$0.25 million, with the SPP expected to be fully underwritten by Leeuwin Wealth. This initiative comes as SER prepares to commence drilling at Diamantina following an imminent drill program at the Canobie Copper Project. The capital raise will support exploration activities, acquisition payments, and general working capital. The board and major shareholders, including Juel Enterprises Pty Ltd, have shown support for the placement.
Key Points
  • SER raises $1.5M through placement and SPP.
  • Funds to support Diamantina Copper-Gold Project drill program.
  • Share placement raised A$1.25M; SPP to raise A$0.25M.
  • Leeuwin Wealth to fully underwrite the SPP.
  • Drilling at Diamantina to follow Canobie Project.
  • Placement supported by SER board and major shareholders.
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.