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Battery Age Completes Second Tranche of $5.5m Share Placement

Story Highlights
  • Battery Age Minerals has settled the second tranche of its A$5.5 million share placement.
  • The company confirmed regulatory compliance for the new shares, clarifying disclosure obligations for investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Battery Age Completes Second Tranche of $5.5m Share Placement

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Pathfinder Resources Ltd ( (AU:BM8) ) has shared an update.

Battery Age Minerals Ltd has completed settlement of the second tranche of its previously announced A$5.5 million placement, issuing 12,539,443 new fully paid ordinary shares as part of its capital-raising efforts. The company confirmed that the shares were issued without a prospectus under relevant Corporations Act provisions and that it remains compliant with its continuous disclosure and financial reporting obligations, providing regulatory clarity for existing and new shareholders regarding the status and tradability of the new equity.

The most recent analyst rating on (AU:BM8) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Pathfinder Resources Ltd stock, see the AU:BM8 Stock Forecast page.

More about Pathfinder Resources Ltd

Battery Age Minerals Ltd is an Australian-listed company focused on battery metals, positioning itself within the broader minerals and resources sector to supply key commodities for the energy storage and electric vehicle markets.

Average Trading Volume: 1,780,038

Technical Sentiment Signal: Buy

Current Market Cap: A$26.11M

For detailed information about BM8 stock, go to TipRanks’ Stock Analysis page.

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