Investors are likely to keep an eye on the following small-cap stocks listed on the Australian Securities Exchange.
Sarama Resources (ASX:SRR)
Sarama Resources closed the first tranche of its AU$2 million equity placement issuing about 66.7 million Chess Depository Instruments at AU$0.03 apiece. The second tranche will consist of roughly 16.7 million free attaching unlisted options and 14 million broker options, each exercisable at AU$0.09 and expiring on Nov. 30, 2028.
Strata Minerals (ASX:SMX)
Strata Minerals engaged GEM Geophysics to conduct up to two fixed-loop electromagnetic surveys over priority gold target areas at its Penny South project in Western Australia.
Nordic Nickel (ASX:NNL)
Nordic Nickel found geochemical targets at the Pulju project area in Finland through newly acquired regional datasets covering surface exploration assay results.
Castillo Copper (ASX:CCZ)
Castillo Copper confirmed that Infinity Mining (ASX:IMI) shareholders approved the Cangai copper mine acquisition at a general meeting on Nov. 28, and a binding tenement sale agreement was executed between the companies. Infinity Mining will issue the company 40 million shares and 20 million options as consideration.
Coppermoly (ASX:COY)
Coppermoly named Quinn Lee as chairperson, effective Dec. 1.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.