Belararox (ASX:BRX) completed its two-tranche placement to raise around AU$8.5 million, after the second tranche was approved by shareholders at the 2025 annual general meeting, according to a Friday Australian bourse filing.
It had said that the proceeds from the placement will fund high-impact exploration across its copper projects in Argentina and Botswana.
The firm confirmed that drilling activities began at the TMT project in Argentina in December 2025.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.