Bastion Minerals moves forward with strategic funding

Bastion Minerals (ASX:BMO) has successfully secured $1 million through the placement of the Entitlement Issue shortfall. This funding will accelerate the JORC Resource calculation at the ICE Copper Project in Canada and support ongoing exploration efforts globally.

Bastion Minerals' strategic initiatives and future plans

Bastion Minerals (ASX:BMO) is taking decisive steps to enhance its strategic position by raising $1 million to advance its projects. The company is focused on achieving a JORC compliant resource at the ICE Copper Project and exploring its global portfolio. Corporate overheads are being reduced, including a significant salary cut for the Executive Chairman, as the company searches for a new CEO to lead its copper and REE initiatives. Bastion is also reviewing its lithium assets in Australia and Canada for potential divestment or partnerships, aiming to concentrate on its core copper and REE projects.

Executive insight on Bastion Minerals' strategy

We are excited about the potential of our global copper and REE portfolio to create significant shareholder value. The capital raised will assist us in expediting our goals and attracting a new CEO with the necessary experience to advance our projects.