M3 Mining is expected to commence trading on the ASX on Thursday, 29 July 2021 under the ticker M3M.
The company obtained $4.6 milion in IPO funds to advance exploration activities at its wholly-owned Victoria Bore Copper Project in the Pilbara region of Western Australia and Edjudina Gold Project in the Eastern Goldfields of WA.
Chairman Russell Davis said in addition, the company will continue to explore other mineral exploration opportunities with a view to grow its suite of projects by acquisition, application or joint venturing into areas surrounding and adjacent to the projects as well as in other areas which support the company’s key business objectives.
Having successfully closed the IPO, the company is now on the verge of its ASX listing and kicking off an accelerated exploration campaign at our two projects – Victoria Bore Copper Project and Edjudina Gold Project,” Mr Davis said.
“Our mission is to capitalise on the current global outlook, whereby supply and demand conditions are favourable for metals such as copper and gold, by acquiring, discovering and developing world class metals projects to position the company at the forefront of these emerging developments.
“Both of these projects are considered prospective for gold and base metals and represent a solid first step in the execution of our strategy to ultimately deliver value for our shareholders.
“The board of M3 would like to thank investors and also the support of Discovery Capital Partners as lead manager and their clients for their overwhelming support in this IPO.”