Cassius Mining Limited Announces Capital Raise

Highlights:

• Capital Raise of $1.0M: Cassius Mining Limited (ASX: CMD) has secured firm commitments to raise $1,000,000 through the issue of 100,000,000 new shares at 1.0c per share.
• Funds for Key Projects: The capital will be used to advance the Soalara project in Madagascar, support Ghanaian litigation claims, and strengthen working capital.
• Under ASX Listing Rules: The Placement will be completed under Cassius Mining’s existing placement capacity, ensuring compliance with ASX Listing Rule 7.1 and 7.1A.

Cassius Mining Limited (ASX: CMD) is excited to announce a capital raise, securing firm commitments to raise $1,000,000 (before expenses). The funds will come from sophisticated and professional investors subscribing for 100,000,000 new fully paid ordinary shares in the Company at a price of 1.0c ($0.01) per share.

Key Details of the Placement

The Placement will be conducted under Cassius Mining’s existing placement capacity, in accordance with ASX Listing Rule 7.1 and Listing Rule 7.1A. This strategic capital injection is aimed at supporting the Company’s growth initiatives.

Use of Funds

At the time of writing, the proceeds from the Placement will primarily be directed towards advancing the Soalara project in Madagascar, which holds significant potential. Additionally, the funds will support ongoing litigation claims in Ghana and provide necessary working capital to strengthen the Company’s financial position.

Strategic Focus Moving Forward

Cassius Mining’s management remains focused on leveraging this capital to drive forward its key projects and legal efforts, ensuring sustainable growth and value creation for shareholders. This raise is a critical step in enabling the Company to achieve its short-term and long-term objectives.

This capital raise underscores Cassius Mining’s commitment to executing its business strategy and capitalizing on growth opportunities.

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