Andomeda Metals is in a trading halt with capital raising news pending

Andromeda Metals Ltd (ASX:ADN) has been granted a trading halt by the ASX ahead of a proposed capital raising announcement. The halt will remain in place until the start of regular trading on Thursday, July 1 or until an announcement is released to the market, whichever occurs earliest. Diversified product strategy The company is advancing towards starting the operations at its Great White Kaolin Project in South Australia and has adopted a diversified product strategy on fast-tracking the project.  A multi-product strategy is now being pursued by the company with ceramics and coatings and polymers underpinning the ongoing definitive feasibility study (DFS), while concrete, high purity alumina (HPA) and other applications provide potential attractive upside over the project life.  Expansion in a high-class quality product suite confirms the world-class quality of the Great White Kaolin Project joint venture between Andromeda (75%) and Minotaur Exploration Ltd (ASX:MEP).  This comes after significant binding offtake agreements were executed for Great White’s halloysite-kaolin (CRM) for high-end ceramic manufacturers and ultra-bright, high-purity kaolin (PRM) products for the coatings and polymers markets, while Andromeda continues to make strong progress on the DFS.