CuFe raised $3 million through a placement to accelerate exploration in copper, niobium, and lithium.

The placement includes 187,500,000 ordinary shares at 1.6 cents each and free-attaching options.

The funds will primarily fuel exploration in Tennant Creek Copper, North Dam Lithium, and West Arunta Niobium projects, with a portion allocated to working capital.

CuFe Executive Director Mark Hancock highlighted the significance of the placement in advancing key projects and diversifying exploration beyond the JWD iron ore mine.