Australia's Krakatoa Resources rises on A$1.6 million placement
06/07/2026 04:33
BUZZ-Australia's Krakatoa Resources rises on A$1.6 million placement ** Shares of Australia's Krakatoa KTA.AX rise 25% to A$0.005, their biggest intraday pct gain since October 14
** Stock hits its highest level since June 23
** The rare earths exploration company says it has received firm commitments to raise A$1.6 million ($1.11 million) via share placement
** Funds will be used to support exploration at Georgia's Zopkhito project
** Adds that placement involves issue of 400 million shares at A$0.004 per share
** Krakatoa stock down 52.38%, YTD
(Reporting by Shravya Marakini in Bengaluru)