- AVZ Minerals (AVZ) enters a trading halt while it plans the details of an upcoming capital raising
- The company will remain in the halt until July 2 or when more details regarding the raise are released, whichever occurs first
- On June 15, AVZ’s subsidiary secured a 1227-hectare site for an intermodal staging station in the Democratic Republic of Congo
- The station will form part of the company’s plan to export products produced from the Manono Lithium and Tin Operation to global markets
- Shares in AVZ last traded at 16 cents on June 28
AVZ Minerals (AVZ) has entered a trading halt while it plans the details of an upcoming capital raising.
The company will remain in the halt until July 2 or when more details regarding the raise are released, whichever occurs first.
AVZ is yet to disclose how much it intends to raise or what it will use the funds for once received.
On June 15, AVZ’s subsidiary, Nyuki Logistics, secured a 1227-hectare site for an intermodal staging station in the Democratic Republic of Congo.
This site has a 25-year lease and lies roughly four kilometres southeast of the town of Kabondo Dianda.
Prior to this, meetings were held with local indigenous chiefs to discuss their people’s specific needs and investments.
The station will form part of the company’s infrastructure plan to export products produced from the Manono Lithium and Tin Operation to global markets.
Shares in AVZ last traded at 16 cents on June 28. The company has a $464.9 million market cap.