Australian Rare Earths Limited ( (AU:AR3) ) has issued an update.
Australian Rare Earths Limited has announced a proposed issue of securities, including 26,498,288 unlisted options and 52,996,576 ordinary fully paid shares, as part of a non-renounceable pro rata offer. This move is likely to strengthen the company’s capital base, potentially enhancing its operational capabilities and market position in the rare earths sector.
More about Australian Rare Earths Limited
Australian Rare Earths Limited operates in the mining industry, focusing on the extraction and production of rare earth elements, which are critical components in various high-tech and clean energy applications.
YTD Price Performance: -18.00%
Average Trading Volume: 105,832
Technical Sentiment Signal: Buy
Current Market Cap: A$13.04M
See more data about AR3 stock on TipRanks’ Stock Analysis page.