- Lodestar Minerals (LSR) enters trading halt as it plans for an upcoming capital raise
- It is currently not known how much the company is aiming to raise or where the funds will be spent
- Company shares will be paused until Monday, February 21, or when further details about the raise is released to the market
- Lodestar is a West Australian exploration company and is focused on discovering gold and copper deposits
- On the market, Lodestar last traded at 0.9 cents per share
Lodestar Minerals (LSR) has entered into a trading halt as it plans for an upcoming capital raise.
So far, there is 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 Monday, February 21, or when further details about the raise are released to the market.
Lodestar is a West Australian exploration company and is focused on discovering gold and copper deposits.
Its projects are located in the Capricorn Orogen, a major, under-explored mineralised province within central WA.
Earlier this month, Lodestar announced lithium potential upgrade at Coolgardie West, following a recent soil sampling program.
The lithium-caesium-tantalum (LCT) corridor extends over 2.5 kilometres south from minor historic workings and is located immediately north of the Great Eastern Highway.
“The results of our first-pass geochemical program have exceeded our expectations, providing multiple LCT and gold targets of scale in a demonstrably under explored greenstone sequence, adjacent to major transport and infrastructure hubs,” Managing Director Bill Clayton said earlier in February.
“We look forward to progressing the Coolgardie West project through the next phase of exploration.”
On the market, Lodestar last traded at 0.9 cents per share.