- Enterprise Metals (ENT) enters a trading halt as it plans an upcoming capital raise
- Currently, there are no details on how much the company is planning to raise or where the funds will be spent
- Enterprise shares will be paused until Tuesday, February 1, or when more details are announced, whichever one comes first
- Last week, the company announced there was lithium potential at its Bullfinch North Project, located near Southern Cross WA
- On the market, Enterprise last traded at 1.5 cents per share
Enterprise Metals (ENT) has entered into a trading halt as it plans an upcoming capital raise.
So far, no details have been released to the market about the raise, therefore not known how much it plans to raise or where the funds will be spent.
Under the halt, Enterprise shares will be paused until Tuesday, February 1, or when more details are announced, whichever one comes first.
Enterprise is a Western Australian based company and is focused on gold and base metals exploration in Australia.
Last week, the company announced there was lithium potential at its Bullfinch North Project, located near Southern Cross WA.
Bullfinch covers around 240 squared kilometres of the Southern Cross Greenstone Belt
and is considered prospective for gold, nickel and lithium.
Currently, no previous lithium exploration has been undertaken at the project.
A targeted and systematic soil sampling program is planned for the project area, commencing in late January.
On the market, Enterprise last traded at 1.5 cents per share.