Prospech Limited has successfully completed a capital raising by placing 50,000,000 shares with sophisticated investors at a price of $0.02 per share, generating approximately $1,000,000 prior to costs. The placement was executed using the Company’s capacity under the Australian Listing Rules, and the fresh funds are earmarked for progressing exploration and evaluation projects in Finland and Slovakia. In particular, the funds will support the Korsnäs resource expansion, metallurgical test work, and provide additional working capital. The newly issued shares are set to be allotted and will commence trading on Friday, 6 June 2025. This move is expected to bolster the Company's project development efforts and strengthen its balance sheet as it seeks to advance its exploration initiatives. Sentiment on the news appears to be mixed. On the bullish side, the capital raised will facilitate critical exploration activities that could potentially add value and create growth opportunities if the projects in Finland and Slovakia deliver positive results. Investors may view this proactive funding strategy as a step towards unlocking long-term potential and enhancing future profitability. On the bearish side, some market participants might be cautious of the dilution effect associated with issuing additional shares and the uncertainties that naturally accompany exploration projects, where the anticipated returns are subject to various technical and market risks. Overall, the announcement reflects a strategic effort by Prospech Limited to secure additional resources and advance its exploration portfolio, making it a development worth monitoring for those interested in the evolving landscape of early-stage exploration investments.