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29metals Ltd. ( (AU:29M) ) has provided an update.
29Metals Limited has opened the retail component of its fully underwritten 1-for-3.66 accelerated non-renounceable entitlement offer, targeting approximately $31 million at an offer price of $0.40 per new share, the same terms as the recently completed institutional tranche which raised about $119 million toward a total $150 million capital raising. Eligible retail shareholders can participate until 11 February 2026, with detailed instructions provided via the Retail Offer Booklet and associated forms, underscoring the company’s ongoing efforts to bolster its balance sheet and funding base through a mix of institutional and retail equity support.
The most recent analyst rating on (AU:29M) stock is a Hold with a A$0.41 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 Australia-based resources company listed on the ASX under the ticker 29M, focused on the exploration and production of base metals, primarily through the ownership and operation of mining assets. The company raises capital from institutional and retail investors to support its ongoing operational and corporate objectives within the mining sector.
Average Trading Volume: 4,925,435
Technical Sentiment Signal: Buy
Current Market Cap: A$760.1M
See more data about 29M stock on TipRanks’ Stock Analysis page.