BUZZ-Australia’s CuFe surges on $3.5 million capital raise
Reuters
Oct 15, 2025
BUZZ-Australia’s CuFe surges on $3.5 million capital raise
** Shares of CuFe Ltd CUF.AX jump 47% to A$0.025, their highest since January 2023
** Diversified miner raises A$5.4 million ($3.51 million) via placement, issuing 318 million shares at A$0.017 each - same as stock's last close
** Co says proceeds to fund next phase of exploration drilling and study work at its Tennant Creek copper-gold project
** Stock has more than doubled in value so far this year
(1 Australian dollar = 1.0000 Australian dollars)
($1 = 1.5366 Australian dollars)
(Reporting by Atharva Singh in Bengaluru)
((Atharva.singh@thomsonreuters.com))
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