- Ragnar Metals (RAG) has placed its shares in trading halt as it gets ready to announce a capital raise and acquisition
- The materials stock is expected to announce the full fundraise and acquisition details before it’s trading halt expires on Wednesday
- RAG also flagged it would release an update on the progress of its Swedish exploration program
- The company has been drilling at its Granmuren Nickel‐Copper Discovery, with work also completed at the Leeds Project in Western Australia
- Ragnar Metals shares last traded at 4.5 cents each on November 5
Ragnar Metals (RAG) has placed its shares in trading halt as it gets ready to announce a capital raise and acquisition.
The materials stock expects to announce the full fundraise and acquisition details before its trading halt expires on November 10.
The company also flagged it would release an update on the progress of its Swedish exploration program on Wednesday.
The company had been drilling at its Granmuren Nickel‐Copper Discovery in Sweden earlier this year, with work also completed at the Leeds Project in Western Australia.
More recently, RAG received Environmental and Exploration Work Plan Permits for the Tullsta Nickel Project within Granmuren deposit, allowing the company to push ahead with additional drilling plans.
The business is planning to complete Down Hole Electro‐Magnetic (DHEM) and surveying the four recently completed drill holes at Tullsta, to help guide this next phase of drilling.
Before today’s trading halt, shares in Ragnar Metals were trading at 4.5 cents per share on Friday, November 5.