Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Altamin Limited ( (AU:AZI) ) has shared an update.
Altamin Limited has raised A$1.003 million through the placement of 40.12 million shares at A$0.025 each, as part of the shortfall from its recent entitlement offer, bringing total funding under the offer to approximately A$5.39 million before costs. The new capital, alongside existing grant funding from the Mission Innovation 2.0 BRAIN project, will strengthen the company’s financial position to advance project development at its Lazio Project, support permitting and mine-maintenance activities at the Gorno Project while it pursues a potential joint venture or sale, and cover working capital and corporate expenses, with the company retaining the option to place additional shortfall securities until mid-January 2026.
More about Altamin Limited
Altamin Limited is an ASX-listed mineral company focused on the exploration and development of base and critical metals projects in Italy. Since 2014, the company has concentrated on brownfield mining assets aligned with the European Union’s energy transition objectives, targeting metals that can be produced with minimal environmental impact in cooperation with government, stakeholders and partners.
YTD Price Performance: 21.05%
Average Trading Volume: 242,633
Technical Sentiment Signal: Sell
Current Market Cap: A$17.3M
See more data about AZI stock on TipRanks’ Stock Analysis page.