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Adavale Resources Limited ( (AU:ADD) ) has provided an update.
Adavale Resources Limited has lodged details of a proposed capital raising with the ASX, outlining a placement or similar issue structure that will see up to 60 million new ordinary fully paid shares and 30 million options (expiring 31 December 2027) issued, subject to finalisation. The new securities, expected to be issued on 10 February 2026, will expand the company’s capital base and may provide additional funding capacity for its exploration and operational activities, with implications for existing shareholder dilution and the company’s ability to advance its resource projects in a competitive sector.
The most recent analyst rating on (AU:ADD) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Adavale Resources Limited stock, see the AU:ADD Stock Forecast page.
More about Adavale Resources Limited
Adavale Resources Limited is an Australian-listed resources company operating in the mining and exploration sector, with its ordinary fully paid shares trading on the ASX under the code ADD.
Average Trading Volume: 615,519
Technical Sentiment Signal: Sell
Current Market Cap: A$15.07M
For detailed information about ADD stock, go to TipRanks’ Stock Analysis page.