Altura goes back to money well

ALTURA Mining is going back to the money well, seeking another A$21.5 million, just months after raising $22.4 million, as it seeks to ramp-up and fine-tune its Pilbara plant at Pilgangoora, and finally achieve profitability almost a  year after declaring commerciality at its namesake project.

Altura goes back to money well Altura goes back to money well Altura goes back to money well Altura goes back to money well Altura goes back to money well

Altura is close to nameplate production, but needs cash to get through the end of the year.

If successfully closed, the two-for-13 non-renounceable rights issue priced at 0.6c, a 10% discount to recent trading levels, will bring the total raised in the past year to $113 million.

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