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The latest update is out from 29metals Ltd. ( (AU:29M) ).
29Metals Limited has announced a proposed issue of up to 374,955,311 new ordinary fully paid shares under an accelerated non-renounceable entitlement offer. Trading in the shares will resume on an ex-entitlement basis on 21 January 2026, with a record date of 22 January 2026, retail offer closing on 11 February 2026 and new retail securities expected to be issued on 18 February 2026, marking a significant capital-raising initiative that may reshape the company’s capital structure and ownership base.
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 Australia-listed mining company operating in the resources sector, with its core business focused on the exploration, development and production of base metals, primarily through the issuance and trading of ordinary fully paid shares on the ASX.
Average Trading Volume: 3,664,556
Technical Sentiment Signal: Buy
Current Market Cap: A$830.3M
Find detailed analytics on 29M stock on TipRanks’ Stock Analysis page.