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An announcement from 29metals Ltd. ( (AU:29M) ) is now available.
29Metals has launched a pro-rata accelerated non-renounceable entitlement offer, allowing eligible shareholders in Australia, New Zealand and certain other jurisdictions to subscribe for 1 new fully paid ordinary share for every 3.66 shares held as at the 22 January 2026 record date, via institutional and retail components. The company confirmed it is conducting the offer without a prospectus under the Corporations Act continuous disclosure regime, has no excluded information to disclose, and outlined that EMR Capital funds will not participate but will remain a substantial holder at about 18%, while BUMA intends to take up its entitlement and potentially acquire any shortfall, which could increase its stake to approximately 25.8%, reshaping the register and potentially strengthening BUMA’s strategic influence in the company.
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 is an Australian-listed resources company (ASX: 29M) operating in the metals and mining sector, with a shareholder base that includes private equity group EMR Capital and mining services provider BUMA as substantial investors.
Average Trading Volume: 3,664,556
Technical Sentiment Signal: Buy
Current Market Cap: A$830.3M
For a thorough assessment of 29M stock, go to TipRanks’ Stock Analysis page.