Australian Rare Earths Limited ( (AU:AR3) ) has issued an announcement.
Australian Rare Earths Limited has announced a pro-rata non-renounceable entitlement offer to raise approximately $3.6 million. The offer allows eligible shareholders to purchase new shares at $0.068 each and includes options for additional shares through a ‘top up’ facility, potentially impacting the company’s capital structure and market position.
More about Australian Rare Earths Limited
Australian Rare Earths Limited operates in the rare earths industry, focusing on the exploration and development of rare earth mineral resources. The company is primarily engaged in producing rare earth elements, which are crucial for various high-tech and green energy applications.
YTD Price Performance: -21.21%
Average Trading Volume: 119,916
Technical Sentiment Signal: Buy
Current Market Cap: A$16.53M
For detailed information about AR3 stock, go to TipRanks’ Stock Analysis page.