Impact Minerals Secures Funding for Lake Hope Project

Impact Minerals Limited (ASX: IPT) has secured AU$3 million through a strategic placement backed by major shareholders, utilizing its existing placement capacity under ASX Listing Rule 7.1. This funding will support the completion of the Pre-Feasibility Study for the Lake Hope High Purity Alumina Project in Western Australia by year-end.

Additionally, funds from exercised options (IPTOB) and an anticipated Research and Development Rebate of AU$395,000 will further bolster the project. The placement includes 150 million shares at AU$0.02 each, with one free-attaching option for every three shares. Managing Director Dr. Mike Jones expressed gratitude for the strong shareholder support and encouraged more option exercises to advance the Lake Hope and Arkun battery metals projects.

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