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Aeris Resources Limited ( (AU:AIS) ) has issued an update.
Aeris Resources has closed an oversubscribed share purchase plan (SPP) that raised approximately $21.6 million from 1,287 eligible shareholders at $0.45 per share, more than double its original $10 million target. Rather than scaling back, the board elected to increase the size of the offer and accept all valid applications in full, resulting in the planned issuance of 47,968,834 new shares on 23 December 2025, with proceeds earmarked for general working capital, signalling robust shareholder support and bolstering the company’s balance sheet for ongoing operations and growth initiatives.
The most recent analyst rating on (AU:AIS) stock is a Buy with a A$0.60 price target. To see the full list of analyst forecasts on Aeris Resources Limited stock, see the AU:AIS Stock Forecast page.
More about Aeris Resources Limited
Aeris Resources Limited is an Australian mid‑tier base and precious metals producer with a copper‑dominant portfolio that includes two operating assets, multiple development projects and a highly prospective exploration pipeline. The company pursues organic growth, aggressive exploration and potential M&A, operating with a lean model and emphasising strong relationships with community, investment and workforce stakeholders.
Average Trading Volume: 6,599,718
Technical Sentiment Signal: Buy
Current Market Cap: A$586.1M
For an in-depth examination of AIS stock, go to TipRanks’ Overview page.