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- Battery Minerals (BAT) enters a trading halt as the company prepares to raise fresh funds
- Trading of BAT shares will be paused until Monday, June 6 or until the company releases more details to the market
- Last month, the company confirmed high-grade surface gold from rock chip results at the Coxs Find prospect within the Stavely-Stawell copper-gold project in Victoria
- It last raised funds in December last year, in which $2.7 million was directed towards its Australian exploration programs and general working capital
- Shares in the company last traded at 0.8 cents each
Battery Minerals (BAT) has entered a trading halt as the company prepares to raise fresh funds.
Trading of BAT shares will be paused until Monday, June 6 or until the company releases more details to the market.
It is not yet known how much it is looking to raise or where it will direct the funds.
Last month, the company confirmed high-grade surface gold from rock chip results at the Coxs Find prospect within the Stavely-Stawell copper-gold project in Victoria.
BAT mobilised a second rig to accelerate testing of the project and extended its regional aircore drilling program.
The exploration company has projects across Australia and Mozambique, with a focus on copper, gold, and graphite mineralisation.
It last raised funds in December last year, in which $2.7 million was directed towards its Australian exploration programs and general working capital.
Shares in the company last traded at 0.8 cents each.