Coolabah Metals Ltd. (AU:CBH) has released an update.
Coolabah Metals Ltd. is making strategic moves in the mining sector by acquiring the Rasp Mine and entering a joint venture for the Pinnacles Mine, aiming to consolidate its position in the Ag-Pb-Zn market at Broken Hill. This transformational transaction will see Coolabah change its name to Broken Hill Mines Limited, while raising $3 million through a public offer. These developments position the company to enhance its operational and commercial capabilities in base metals.
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