Belararox raises $8.5M for copper drilling in Argentina

Belararox (ASX:BRX) has completed its two-tranche placement, raising $8.5 million to advance copper exploration activities.

The second tranche received shareholder approval at the company's 2025 annual general meeting.

Drilling at Belararox's TMT Project in Argentina's San Juan Province began in early December, targeting copper, gold, and other metals within a previously unexplored area situated between the El Indio and Maricunga Metallogenic Belts.

The company, which also holds projects in Botswana, New South Wales, and Western Australia, focuses on securing mineral resources to meet rising demand in the technology, battery, and renewable energy sectors.

At the time of reporting, Belararox's share price was $0.095.