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Metalicity Limited ( (AU:ARI) ) just unveiled an update.
Arika Resources Limited has called a general meeting of shareholders for 12 February 2026 in Perth, Western Australia. The notice outlines several resolutions related to recent and proposed share placements and director participation in those capital raisings.
Shareholders will be asked to ratify the prior issue of more than 207 million tranche 1 placement shares under different listing rule provisions, approve the proposed issue of 4.25 million tranche 2 placement shares, and authorise the participation of three directors—Justin Barton, Roger Steinepreis, and Steven Wood—in the placement for up to a combined 26.67 million new shares. The resolutions, if passed, will regularise earlier capital raisings, provide additional funding flexibility, and formally clear potential related-party issues linked to director involvement in the placement.
The most recent analyst rating on (AU:ARI) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Metalicity Limited stock, see the AU:ARI Stock Forecast page.
More about Metalicity Limited
Average Trading Volume: 2,355,526
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$34.64M
Learn more about ARI stock on TipRanks’ Stock Analysis page.