Strategic Energy Resources capital raise announcement

Strategic Energy Resources Limited (ASX: $SER) has successfully raised $2,000,000 through a placement to institutional and sophisticated investors. The placement, cornerstoned by Datt Capital and Lowell Resources Fund, will result in the issue of 181,818,190 fully paid ordinary shares at $0.011 per share. Mr Tony Gu from Datt Capital has been appointed to the SER Board as a Non-Executive Director.

Executive commentary on the capital raise and appointment

The strength of investor demand for this Placement is a clear signal to the Company that the Achilles 1 Prospect needs to be drilled tested. The outstanding drill results from Australian Gold & Copper to the north at Achilles 3 shows the potential for the South Cobar region to hold multiple discoveries and with the funds received we are now fast-tracking our exploration plans. Datt Capital identified SER's strategy of science driven project generation and exploration in pursuit of Tier-1 discoveries as a point of differentiation and has continued to back us as we execute this strategy. The addition of Tony Gu to the Board further strengthens Datt Capital's commitment to, and alignment with, SER. The significant investment from Lowell Resources Fund also validates our ability to generate and explore for Australia's next major discovery.

Summary of SER's capital raise and outlook

Strategic Energy Resources has successfully raised $2 million through a placement, with the funds earmarked for exploring the Achilles 1 Polymetallic Prospect in the South Cobar Basin and advancing other exploration assets. The appointment of Mr Tony Gu from Datt Capital to the SER Board further strengthens the company's strategic partnerships. The company's focus on science-driven project generation and exploration for Tier-1 discoveries has garnered strong support from investors, indicating confidence in SER's ability to uncover Australia's next major discovery. The successful capital raise positions SER to fast-track its exploration plans and pursue potential discoveries in the South Cobar region.