SLOW PROGRESS: Atlantic hopes the capital raised will help make up delays at Windimurra.

Atlantic raises $25m for Windimurra

Perth-based mining company Atlantic has completed a $25 million capital raising to finance process improvements and alterations at its Windimurra vanadium project, which has been adversely affected by commissioning delays.

The capital raising was at a price of $1.20 per share, well below their peak in April of $2.45. In trading today, the stock has slipped further, down 3.5 cents to $1.16.

Atlantic managing director Michael Minosora said the company was hoping to make up the delays it has experienced.


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