Sunstone Metals Ltd (ASX:STM)'s Malcolm Norris speaks to a $24 million raise to support drilling activity across the company's copper-gold discoveries in Ecuador. The precious and base metals explorer announced a $20 million placement and a share purchase plan to raise up to $4 million, which will buoy exploration at its Bramaderos project to the south and the El Palmar asset in the north. Norris says the funding runway will keep four drill bits spinning and on the hunt for precious and base metal occurrences.
Sunstone Metals turns on the money tap with $24 million raise