Cassius Mining Secures AU$1.0 million Placement to Advance Projects and Operations.

Cassius Mining Limited (ASX: CMD) announced it had secured firm commitments for an AU$1.0 million capital raise through a placement to sophisticated and professional investors. The placement involves the issuance of 100,000,000 new fully paid ordinary shares at AU$0.01 per share, utilizing the company’s existing placement capacity under ASX Listing Rules 7.1 and 7.1A.

The funds raised will support key initiatives, including the advancement of the Soalara Limestone Project in Madagascar, ongoing litigation in Ghana, and general working capital requirements. This strategic move underscores Cassius Mining’s commitment to progressing its projects and addressing critical operational and legal objectives. The placement reflects investor confidence in the company’s plans and provides the necessary capital to drive its initiatives forward.

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