Western Areas raises $100 million

Mar 9, 2021 | News

Western Areas Ltd (ASX:WSA) announces $100 million equity raise to fund Odysseus development and forge ahead with #exploration across its nickel portfolio. Goldman Sachs underwrites $85 million placement.

“The placement supports the development of the Odysseus underground mine which is progressing well with excellent advance rates being achieved whilealso providingfunding for Western Areas’ exploration portfolio where we hope to make significant progress in 2021.With greater balance sheet flexibility, the Company will be able to take advantage of opportunities within the portfolio and maximise returns to our shareholders,” WSA MD Dan Lougher said.