- Castle Minerals (CDT) enters a trading halt as it plans an upcoming capital raise
- So far, it is not known how much the company is aiming to raise or where it will spend the funds
- The halt means company shares will be paused until Wednesday, January 12, or when more information about the raise is released to the market
- Last year, the company agreed to buy the Kendenup Graphite project in the southwest region of Western Australia from Historic Gold Mines
- On the market, Castle last traded at four cents each
Castle Minerals (CDT) has entered into a trading halt as it plans an upcoming capital raise.
There is currently no information on how much the company is aiming to raise or where the funds will be spent.
Under the halt, company shares will be paused until Wednesday, January 12, or when more information about the raise is released to the market.
Castle Minerals is an Australian based mineral exploration company with projects in Australia and West Africa.
Last year, the company agreed to buy the Kendenup Graphite project in the southwest region of Western Australia from Historic Gold Mines.
Additionally, Castle is applying for a nearby exploration licence covering the Kendenup graphite mine, and nearby Martigallup graphite occurrences.
According to Managing Director Stephen Stone, the acquisition of the project is “highly complementary” to the company’s “growing battery metals interests”.
On the market, Castle last traded at four cents each.