Maddabrae Dam update, Sellowmere Minerals

Sellowmere Minerals provides this update on its Maddabrae Dam rare earths project in Western Australia.

The raise was supported by existing and new investors. The company has raised $31 million in a share purchase plan to fund drilling at Maddabrae Dam. Funds will be applied over the next twelve months.

This announcement was approved for release by the board of Sellowmere Minerals.