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Arrow Minerals Limited ( (AU:AMD) ) has issued an update.
Arrow Minerals Ltd has notified the ASX of a proposed placement involving up to 5,000,000 ordinary fully paid shares under its code AMD. The new securities are expected to be issued on 30 June 2026, signalling another capital-raising step to support the company’s ongoing exploration and operational plans.
The announcement confirms the company’s application for the new shares to be quoted on the ASX under standard listing rules. While financial terms are not disclosed, the placement underscores Arrow Minerals’ continued reliance on equity markets to fund growth, with potential dilution for existing shareholders alongside expanded capital for project advancement.
The most recent analyst rating on (AU:AMD) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Arrow Minerals Limited stock, see the AU:AMD Stock Forecast page.
More about Arrow Minerals Limited
Arrow Minerals Ltd is an Australia-listed resources company focused on mineral exploration and development. Trading under the ASX code AMD, the company issues ordinary fully paid shares to fund its activities in the mining and exploration sector.
Technical Sentiment Signal: Sell
Current Market Cap: A$17.08M
See more insights into AMD stock on TipRanks’ Stock Analysis page.