Mining News

Black Rock raises A$25m for Mahenge

Graphite developer Black Rock Mining will raise A$25-million in a share placement to institutional and professional investors, to advance the development of its Mahenge project, in Tanzania.

The ASX-listed company on Friday announced that it had received firm commitments for the placement of more than 104.1-million shares, at a price of 24c each. The shares will be issued under the company’s existing placement capacity.

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