Cassius Mining Raises AU$530K to Fund Global Growth and Legal Proceedings

Highlights:

• Cassius Mining Limited (ASX: CMD) secures AU$530,000 via share placement
• New shares issued at AU$0.015 each, with director participation pending approval
• Funds to support project development, legal action, and working capital needs

Successful Capital Raise to Support Expansion

Cassius Mining Limited (ASX: CMD) has successfully raised approximately AU$530,000 through a share placement, securing strong backing from professional and sophisticated investors. At the time of writing, the capital raise involves the issuance of 35,461,123 fully paid ordinary shares at a price of AU$0.015 per share.

Board Participation Signals Confidence

The company also announced that its directors plan to contribute up to AU$50,000 to the placement, reinforcing their confidence in Cassius Mining’s strategic direction. This participation is subject to shareholder approval at an upcoming General Meeting, which, if granted, will further align board interests with investor outcomes.

Funding to Drive Key Initiatives

Proceeds from the capital raise will be channelled into several critical areas. A portion will go towards advancing Cassius’ exploration and development activities in Madagascar, where the company is working to unlock the region’s mineral potential. Additionally, funds will be used to continue international arbitration proceedings related to its former gold project in Ghana, reflecting ongoing efforts to resolve legal disputes.

Exploration and Growth on the Horizon

Cassius also plans to evaluate fresh exploration opportunities in other jurisdictions as part of its broader expansion strategy. The remaining capital will be allocated to general working capital, ensuring the company maintains financial flexibility as it progresses its objectives.

This capital raise marks a significant step in strengthening Cassius Mining’s operational capacity and positioning it for future growth across diverse regions.

Disclaimer for Kapitales Research

The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com