Heavy Minerals plans to raise $750,000 through a non-underwritten share purchase plan to fund the Port Gregory pre-feasibility study and other key activities.

The share purchase plan, opening on Feb. 21 and closing on March 6, offers eligible shareholders new shares at 8.2 cents each without brokerage or transaction costs.

The funds will advance the Port Gregory Project, Red Hill works, and other exploration targets, as well as cover general working capital and SPP-related costs.