Join our daily newsletter At The Bell to receive exclusive market insights
- White Cliff Minerals (WCN) enters into a trading halt ahead of a capital raise
- Company shares will be paused until Tuesday, September 6, or when further information has been released to the market
- Last week, the company made a discovery of up to 780 parts per million (ppm) total rare earth oxide (TREO) at its Yinnetharra project in WA
- Results have been received from the first batch of samples with grades ranging from 16.96 ppm TREO to 780.78 ppm TREO
- Shares in White Cliff last traded at 2.1 cents on September 1
White Cliff Minerals (WCN) has entered into a trading halt ahead of a capital raise.
It is not known to the market on how much the company is aiming to raise or how it plans to spend the money.
Company shares will be paused until Tuesday, September 6, or when further information has been released to the market.
Last week, the company made a discovery of up to 780 parts per million (ppm) total rare earth oxide (TREO) at its Yinnetharra project in Western Australia.
Results have been received from the first batch of samples with grades ranging from 16.96 ppm TREO to 780.78 ppm TREO
Further, White Cliff identified multiple new thorium targets associated with magnetic anomalies, which it said it now planned to field-validate and sample.
Shares in White Cliff last traded at 2.1 cents on September 1.
