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MRG Metals (ASX:MRQ) raises $2.1M for Mozambique projects Heavy mineral sands explorer MRG Metals (MRQ) has successfully completed a $2.1 million placement The funds were raised through the issue of 162 million fully-paid ordinary shares to sophisticated and professional investors at 1.3 cents Additionally, 162 million options were issued, exercisable at 2.5 cents and expiring on June 30, 2023 MRG Metals will use the funds to expand exploration activities at its heavy mineral sands (HMS) projects in Mozambique In particular, the company will undertake initial drilling activities at the recent...

Mineral sands stocks on the ASX: The Ultimate Guide 197SHARES A lesser understood, yet essential section of the resources sector is mineral sands, with several ASX-listed plays geared to take advantage of forecast supply gaps in the coming years. The mineral sand suite is critical to numerous products found in everyday life from toothpaste to tiles, to the paint you put on your walls or the titanium metal used in human implants or found in aircraft and golf clubs. Various minerals are included in the mineral sand suite, but the ones primarily sought from mining are ilmenite, leucoxene, rutile...