Orion Minerals announces capital raise for project development

Orion Minerals Limited has announced a capital raising initiative expected to total approximately A$9.8 million, aimed at funding the development of its Uppers at the Prieska Copper Zinc Mine (PCZM) and the Okiep Copper Project, along with general working capital purposes. The capital raising includes a placement to sophisticated and professional investors to raise approximately A$3.3 million through the issue of 289 million shares at a price of A$0.011 per share.