Artemis Assets halts buying and selling for capital increase

SYDNEY – Artemis Assets Restricted (ASX/AIM: ARV, FRA: ATY, US: ARTTF), a gold, copper, and lithium exploration firm, has introduced a brief halt in buying and selling of its shares on the Australian Securities Trade (ASX) beginning right this moment for a capital elevating initiative. The halt is to facilitate a ebook construct to safe funding for additional exploration of the corporate’s property, significantly its gold initiatives, and to help common working capital.

The corporate, with a portfolio that features the Karratha Gold and Lithium Tasks, in addition to the Paterson Central Gold/Copper mission in Western Australia, goals to make use of the raised capital to advance its exploration packages. Artemis’s buying and selling halt on the ASX is anticipated to final till an announcement is launched or till the market opens on December 16, 2024, whichever comes first.

Whereas the ASX buying and selling has been paused, Artemis shares proceed to be traded on the AIM market of the London Inventory Trade (LON:LSEG) with out interruption. This strategic transfer is a part of Artemis’s ongoing efforts to discover and develop its important tenement package deal within the north Pilbara area, which incorporates the high-grade Mt Marie Lithium Prospect and the Osborne Lithium JV with GreenTech Metals (ASX:GRE).

The corporate has frivolously explored nearly all of its tenement package deal and plans to conduct methodical exploration packages to determine and check gold targets. These targets are related to mineralized veins, alteration halos, interpreted electromagnetic anomalies, and potential geological buildings.

Artemis Assets can be dedicated to progressing the Karratha Lithium mission, together with additional subject work and drilling on the most superior targets in the end. The corporate owns the Radio Hill processing plant, which is strategically situated 35km from Karratha, offering logistical benefits for processing supplies.

The data on this article relies on a press launch assertion issued by Artemis Assets Restricted.

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