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Investors back Marenica raising

Marenica Energy has given itself some breathing space as it tries to see through vital testwork to prove the value of its U-pgrade ore concentration technology, raising nearly A$600,000 (US$460,000) of equity funding from existing and new shareholders.

Mining Journal
Investors back Marenica raising

With committed testwork programs paid for by third parties, Marenica (ASX: MEY) has a relatively slow cash burn which means the funds raised should last well into 2017. This is significant because its...

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