Castle Minerals Limited (ASX: CDT) has secured commitments to raise AU$1.25 million by issuing 500 million new shares at AU$0.0025 per share. The funds will mainly support ongoing drilling at the Kapli Gold Project and explore additional high-potential areas within Ghana’s Wa Gold Project. This financing aligns with a non-binding agreement with Ghana’s Mineral Income Investment Fund (MIIF), which plans to invest AU$3 million into Castle and its subsidiary, Kambale Graphite Limited.
The MIIF’s investment breakdown includes AU$750,000 for new Castle shares and AU$2.25 million in Kambale Graphite Limited. The placement will be executed in two phases, contingent upon shareholder approval. Investors will receive one option for every two shares purchased, exercisable at AU$0.005 with a 24-month expiry. This capital infusion strengthens Castle’s resources, advancing both its gold exploration and critical mineral initiatives in West Africa.
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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.
