Vertex Minerals’ (ASX:VTX) share price has increased 9.52% by around 2:30pm AEST today (29 September) on the Australian Securities Exchange (ASX).
The company is now trading at $0.115 per share, with 295.18 million shares on issue and a market capitalisation of $30.99 million.
Vertex’s increase on the platform follows a 2.9-point drop today to the S&P/ASX 200, after the index was reportedly performing higher this morning.
At time of publishing, the materials sector is up 0.84%, with Sunrise Energy (ASX:SRL) and Minerals 260 (ASX:MI6) as top performers.
Cashed up
Earlier this month, Vertex secured $4.2 million in convertible loan facilities to advance gold processing at the Hill End Project in New South Wales.
Funds will be used to progress gold processing at the Reward Mine, following approval for the company to commence 24/7 underground operations, along with commissioning of the processing plant and the TOMRA ore sorter.
Vert Capital is the lead manager for this transaction.
Vertex Minerals is a gold explorer and developer operating the 100%-owned unhedged Reward Mine in New South Wales.
Write to Maddison Elliott at Mining.com.au
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