SQX Raises $2.5 Million As Gold Project Work Advances
Closing price · 2026-10-27: $0.038 · +0.00%
SQX completed a fully underwritten entitlement offer, raising approximately $2 million and ending the September quarter with approximately $2 million in cash to fund exploration. At Red Bird, the company advanced resource evaluation and mining scenario assessments after earlier drilling returned broad gold intercepts, while metallurgical testing is being prepared; field crews also began mapping and sampling at Williams, with assays pending. SQX also began preparing exploration programs for its Queensland prospects for the 2027 financial year.