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Andromeda Metals Limited ( (AU:ADN) ) has issued an update.
Andromeda Metals reported steady progress in the December 2025 quarter on securing funding and advancing site activities for its Great White Project, including moving due diligence forward with a prospective cornerstone asset-level investor and progressing conditions precedent and documentation for a $75 million debt facility with Merricks Capital. The company also raised more than $14 million through an equity placement, share purchase plan and director participation to fund early works at Great White, equipment procurement for the Stage 1A+ development, advancement of the HPA project, and product marketing, while simultaneously refining engineering design and commencing test work for pilot-scale continuous HPA production using Great White kaolin feedstock, positioning the business closer to a final investment decision and potential future production.
The most recent analyst rating on (AU:ADN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Andromeda Metals Limited stock, see the AU:ADN Stock Forecast page.
More about Andromeda Metals Limited
Andromeda Metals Limited is an ASX-listed resources company focused on developing the Great White Project, a kaolin-based industrial minerals operation, and a downstream high purity alumina (HPA) project. The company targets specialty mineral markets, including advanced ceramics and high-tech applications that require high-quality kaolin feedstock and refined alumina products.
Average Trading Volume: 11,845,486
Technical Sentiment Signal: Hold
Current Market Cap: A$73.94M
For detailed information about ADN stock, go to TipRanks’ Stock Analysis page.