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29metals Ltd. ( (AU:29M) ) has shared an update.
29Metals has released its December 2025 quarterly report alongside the launch of a fully underwritten 1-for-3.66 accelerated pro rata non-renounceable entitlement offer to raise $150 million before costs, capital earmarked to support the execution of the company’s growth initiatives. In light of this capital raising and report release, the company has cancelled the previously scheduled conference call and webcast for 29 January 2026 that was intended to discuss the December quarter results, signalling a shift in how it is communicating its operational and strategic update to investors at this time.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.67 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
More about 29metals Ltd.
29Metals Limited (ASX: 29M) is an Australian resources company operating in the metals and mining sector, with a focus on developing and growing its portfolio of base and precious metal assets to support its long-term growth initiatives.
Average Trading Volume: 3,664,556
Technical Sentiment Signal: Buy
Current Market Cap: A$830.3M
Learn more about 29M stock on TipRanks’ Stock Analysis page.