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The latest update is out from Alicanto Minerals ( (AU:AQI) ).
Alicanto Minerals has raised approximately A$12.8 million before costs through the first tranche of a share placement, issuing 232,066,993 fully paid ordinary shares at A$0.055 each under ASX Listing Rules 7.1 and 7.1A. The company plans a second tranche of up to 277,023,916 shares to raise a further A$15.2 million, subject to shareholder approval at a general meeting expected in late January 2026, signalling a significant capital injection that may support its exploration and development activities and strengthen its financial position; Alicanto also confirmed via a cleansing notice that the new shares were issued without a prospectus and that it remains compliant with its continuous disclosure and reporting obligations under the Corporations Act.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
More about Alicanto Minerals
Alicanto Minerals Limited is an ASX-listed mineral exploration company, focused on discovering and developing mineral resources, with its securities traded under the ticker AQI on the Australian Securities Exchange.
Average Trading Volume: 2,431,071
Technical Sentiment Signal: Buy
Current Market Cap: A$92.83M
See more insights into AQI stock on TipRanks’ Stock Analysis page.