New World Resources Secures $14 Million to Advance Antler Copper Project

Highlights:

• $14 million Institutional Placement: New World Resources Limited (ASX: NWC) secures $14 million via the issuance of 700 million new shares at $0.020 per share.
• Strong North American Support: Key North American investors back the raise, reinforcing confidence in the Antler Copper Project’s development pathway.
• Advancing Towards Final Investment Decision: Funds will support feasibility studies, permitting, site activities, and financing initiatives to drive the project forward.

Successful Capital Raise to Propel Development

New World Resources Limited (ASX: NWC) has successfully secured $14 million through an institutional placement to advance the Antler Copper Project in Arizona, USA. At the time of writing, the company’s capital raise has garnered strong support from key North American institutional investors, reflecting confidence in its development strategy.

Strategic Investment for Growth

The capital raise involves issuing approximately 700 million new shares at $0.020 per share, representing a 9.1% discount to the last closing price of $0.022 on March 4, 2025. The funds will be instrumental in progressing the Definitive Feasibility Study (DFS), obtaining necessary federal and state permits, expanding exploration activities, and supporting corporate financing initiatives.

Strong Institutional Backing

The placement was backed by prominent North American investors, underscoring the growing interest in copper and critical minerals. New World’s Managing Director, Nick Woolrych, expressed optimism, stating that the placement aligns with the company’s strategic vision to bring one of the highest-grade copper assets in the U.S. into production.

Board and Management Participation

In addition to institutional participation, board members and senior management have committed $640,000 in a second tranche, pending shareholder approval at an upcoming Extraordinary General Meeting (EGM) in April 2025. This further demonstrates internal confidence in the company’s long-term prospects.

Placement Timeline and Market Impact

Settlement of the first tranche is expected by March 12, 2025, with shares allotted for trading by March 13, 2025. The second tranche, contingent on shareholder approval, will be finalized post-EGM in April 2025. With copper demand surging, New World Resources is positioning itself at the forefront of domestic critical mineral supply development in the U.S.

Conclusion

New World Resources’ successful $14 million capital raise marks a crucial step toward the final investment decision on the Antler Copper Project. The company’s ability to attract strategic investors amid a strengthening copper market highlights the project’s significant potential in the U.S. critical minerals sector.

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