Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)
Lithium
43.48
0.23%
Gold
2,665.20
0.06%
Copper
4.35
(1.31%)
Oil
70.25
(1.76%)
Bitcoin
66,557.52
0.75%
FTSE 100
8,253.78
(0.47%)
Nikkei 225
39,910.55
(0.34%)
Dow Jones
42,863.82
(0.87%)
Iron Ore
106.40
(1.11%)
USD/AUD
0.67
(0.05%)
Hang Seng
20,318.79
(3.46%)

Variscan Mines (ASX: $VAR) secures interim funding for Novales-Udias zinc project

Variscan Mines secures funding for Novales-Udias zinc project


Variscan Mines Limited (ASX: $VAR) has successfully completed an Interim Placement of 49,000,000 ordinary shares at $0.006 each, raising $294,000. Additionally, the Directors have provided $100,000 in unsecured working capital loans. The funding will be utilized to further progress the Novales-Udias zinc project.

Executive Commentary on Interim Funding


Undoubtedly the current market conditions have made the timing of a placement awkward. Frustratingly the demonstrable progress we have continued to make since the previous capital raise has not met with value appreciation. The Board is grateful for the ongoing support from existing shareholders and welcomes all new holders to the Company. They share our conviction in our Spanish zinc projects, our strategy to advance them, as well as the deep value opportunity presented. We continue to progress one of the highest-grade, development stage zinc deposits in Europe towards re-starting production. Proceeds from this capital raise will go into the ground, to continue progressing the exciting drilling programs and results coming from the Novales-Udias Project as well as associated studies to evaluate re-starting the San Jose Mine.

Summary of Variscan Mines' Interim Funding


Variscan Mines Limited (ASX: $VAR) has successfully completed an Interim Placement and secured working capital loans to raise a total of $394,000. The funds will be utilized to further progress the Novales-Udias zinc project, including drilling programs and associated studies to evaluate re-starting the San Jose Mine. The Company's Managing Director & CEO, Stewart Dickson, expressed gratitude for the ongoing support from existing shareholders and the conviction of new holders in the Spanish zinc projects. The Company aims to advance the highest-grade, development stage zinc deposits in Europe towards re-starting production, reflecting its commitment to the project's success and value potential.

VARISCAN MINES LIMITED
VAR | ASX | Materials
0.0090(+0%)
At close 14/10 (AEDT)
Market cap
$4.0M
Volume
250,000
DY Yield
PE Ratio
52 Week Range
0.005 - 0.015
1YR Return
N / A

0 Comments
Inline Feedbacks
View all comments
Social Media Auto Publish Powered By : XYZScripts.com

Stock Piper AI Index Coming Soon!

Join our Newsletter to gain exclusive insight and be notified once we are live.

By clicking Subscribe, you agree to our Terms & Conditions

ASX News, First And Fast.

Get all the latest market updates straight to your inbox.

By clicking Subscribe, you agree to our Terms & Conditions