Ironveld raises £900 000 to lift processing capacity
Aim-listed strategic metals producer Ironveld has raised £900 000, before expenses, through a placing with investors of two-billion shares at a price of 0.045p apiece. "Market demand for our dense media separation-grade magnetite both from within the South Africa market and from nearby export countries is exceeding our current processing capacity. We are, therefore, looking to ramp up processing capacity through the acquisition of an additional larger mill and associated equipment. "In addition, demand is also emerging for unprocessed run-of-mine ore, requiring investment in preparation for meeting demand," says CEO Kris Andersson.
Aim-listed strategic metals producer Ironveld has raised £900 000, before expenses, through a placing with investors of two-billion shares at a price of 0.045p apiece.
"Market demand for our dense media separation-grade magnetite both from within the South Africa market and from nearby export countries is exceeding our current processing capacity. We are, therefore, looking to ramp up processing capacity through the acquisition of an additional larger mill and associated equipment.
"In addition, demand is also emerging for unprocessed run-of-mine ore, requiring investment in preparation for meeting demand," says CEO Kris Andersson.
