Drilling at the Wanganui Project. Source: Castle Minerals
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • Castle Minerals (CDT) enters a trading halt as it plans an upcoming capital raise
  • So far, it is not known how much the company is aiming to raise or where it will spend the funds
  • The halt means company shares will be paused until Wednesday, January 12, or when more information about the raise is released to the market
  • Last year, the company agreed to buy the Kendenup Graphite project in the southwest region of Western Australia from Historic Gold Mines
  • On the market, Castle last traded at four cents each

Castle Minerals (CDT) has entered into a trading halt as it plans an upcoming capital raise.

There is currently no information on how much the company is aiming to raise or where the funds will be spent.

Under the halt, company shares will be paused until Wednesday, January 12, or when more information about the raise is released to the market.

Castle Minerals is an Australian based mineral exploration company with projects in Australia and West Africa.

Last year, the company agreed to buy the Kendenup Graphite project in the southwest region of Western Australia from Historic Gold Mines.

Additionally, Castle is applying for a nearby exploration licence covering the Kendenup graphite mine, and nearby Martigallup graphite occurrences.

According to Managing Director Stephen Stone, the acquisition of the project is “highly complementary” to the company’s “growing battery metals interests”.

On the market, Castle last traded at four cents each.

CDT by the numbers
More From The Market Herald
The Market Herald Video

" Deal Room Special: RLF AgTech listing on ASX to tap into $259b global fertiliser market

Perth-based RLF AgTech will soon list on the ASX, with the prospectus due for release shortly.

" Enterprise Metals (ASX:ENT) halts shares ahead of capital raise

Enterprise Metals (ASX:ENT) enters a trading halt as it plans an upcoming capital raise.

" AssetOwl (ASX:A01) enters a trading halt with the goal of raising $2.26m

AssetOwl (ASX:AS1) plans to issue almost 800 million new shares at the cost of 3 cents…