Anglesey Mining raises £1.25 million for Parys Mountain development
Anglesey Mining has secured £1.25 million in new capital to accelerate exploration and development at its copper-zinc-lead-silver-gold project in North Wales.
Anglesey Mining plc has raised £1.25 million through a combination of a share placing and subscription. The funds will be allocated to advancing the company’s Parys Mountain project, a polymetallic site located in Anglesey, North Wales, which contains copper, zinc, lead, silver, and gold.
Alongside the capital raise, the company has announced the appointment of a joint corporate broker. The firm aims to leverage this additional financing to expedite its ongoing exploration and development programs at the site.
As the owner of one of the largest polymetallic deposits in the UK, Anglesey Mining remains focused on technical assessment and project advancement. The current funding round represents a strategic move to maintain operational momentum at the volcanogenic massive sulphide site.