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Pathfinder Resources Ltd ( (AU:BM8) ) has issued an update.
Battery Age Minerals Ltd has completed the initial tranche of its $5.5 million Placement with the issuance of 26,746,273 new fully paid ordinary shares. This strategic move, part of a two-tranche placement, aims to strengthen the company’s financial position, with further shares pending shareholder approval. The issuance was conducted without disclosure under the Corporations Act, and the company has adhered to all relevant legal provisions, indicating a robust compliance framework.
The most recent analyst rating on (AU:BM8) stock is a Hold with a A$0.50 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 operates in the minerals industry, focusing on the production and supply of battery-related minerals. The company is listed on the Australian Securities Exchange under the ticker BM8.
Average Trading Volume: 2,011,242
Technical Sentiment Signal: Buy
Current Market Cap: A$25.5M
For detailed information about BM8 stock, go to TipRanks’ Stock Analysis page.