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Auric Mining Ltd. ( (AU:AWJ) ) just unveiled an announcement.
Auric Mining Ltd. has lodged an Appendix 3B notice with the ASX outlining a proposed issue of new securities via a placement or similar capital-raising structure. The proposed issuance involves up to five new classes of securities, each with a maximum of 250,000 units, with the issue date targeted for 24 April 2026.
The company has applied for the new securities to be quoted on the ASX once issued, consistent with listing rule requirements for disclosure and quotation. This planned capital raising is expected to provide additional funding flexibility for Auric Mining’s ongoing activities and may influence its capital structure and liquidity in the market.
The most recent analyst rating on (AU:AWJ) stock is a Buy with a A$0.73 price target. To see the full list of analyst forecasts on Auric Mining Ltd. stock, see the AU:AWJ Stock Forecast page.
More about Auric Mining Ltd.
Auric Mining Ltd. is an Australian-listed resources company operating in the mining sector. The company is focused on exploration and development of mineral assets, with its shares traded on the ASX under the code AWJ.
Average Trading Volume: 878,671
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$62.68M
For an in-depth examination of AWJ stock, go to TipRanks’ Overview page.