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Altamin Limited ( (AU:AZI) ) has provided an announcement.
Altamin Limited has secured firm commitments to raise $753,000 through a placement of 30,120,000 fully paid ordinary shares at $0.025 per share. The placement involves sophisticated and professional investors from the UK and Australia, including former institutional fund managers and a top 10 Altamin shareholder. The company retains the right to place the remaining shortfall securities, with settlement expected by 24 December 2025. This funding initiative is poised to enhance Altamin’s financial position, potentially impacting its operations and market presence in the mining industry.
More about Altamin Limited
Altamin Limited is an ASX-listed mineral company focused on the development of base and critical metals mines in Italy. Since 2014, the company has been engaged in exploring and developing Italian brownfield projects, aligning with the EU’s energy transition goals to promote mining with minimal environmental impact, supported by government, stakeholders, and partners.
YTD Price Performance: 47.37%
Average Trading Volume: 243,920
Technical Sentiment Signal: Buy
Current Market Cap: A$21.06M
See more data about AZI stock on TipRanks’ Stock Analysis page.