Ormonde raises €1.7m in share placing to aid development of tungsten project
The Co Meath-headquartered firm — whose chief mining assets are located in Spain — placed nearly 25.5 million new ordinary shares at 5.5p per share with new and existing institutional and private investors.
Ormonde is currently in ongoing discussions regarding the funding of its main asset, the Barruecopardo Tungsten Project in western Spain. These new funds will be used to accelerate development of the asset and will enable continuation of engineering design work at the site in Salamanca Province.
