- North American mineral explorers New World Resources (NWC) enters a trading halt ahead of an upcoming capital raise
- So far, it is not known how much the company is aiming to raise or where the funds will be spent
- Under the halt, company shares will be paused until Friday, July 29, or when further details about the raise are released to the market
- Last week, the company identified new high-priority exploration targets at its Antler copper project in Arizona
- NWC shares last traded at 3.9 cents on July 26
New World Resources (NWC) has entered a trading halt ahead of an upcoming capital raise.
It is not known to the market how much the company is planning to raise and what the funds will be for.
Under the halt, NWC shares will be paused until Friday, July 29, or when further details about the raise are released to the market.
New World is an Australian company that is focused on the exploration and development of mineral resources projects in North America.
Last week, the company identified new high-priority exploration targets at its Antler copper project in Arizona.
The company detected the targets from soil sampling along strike from the Antler deposit, which has never been drill tested.
It said this discovery could increase the economics of the project, with an extended mine life and increased production rates.
NWC shares last traded at 3.9 cents on July 26.