5E Resources Provides Updates on Use of Proceeds from IPO

MT Newswires06-06

5E Resources (SGX:NLC) provided updates on the use of proceeds worth around SG$8.0 million from the companyâs initial public offering on May 12, 2022, according to a filing with the Singapore Exchange on Thursday.

The company has so far used about SG$4.7 million in capital investment in facilities, plants, machineries and equipment to enhance efficiency.

The remaining balance is around SG$3.3 million.

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