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Belararox Ltd. ( (AU:BRX) ) has issued an update.
Belararox has secured A$4 million in a two-tranche share placement to three strategic investors, Argentina-based Integra Capital, Swiss investor Jose Luis Manzano and Magnus Capital, each taking up to a 10.12% stake at A$0.06 per share, a modest discount to recent trading levels. The deal, which also includes free attaching options and the future appointment of an Integra-nominated director, strengthens Belararox’s balance sheet and brings in regionally experienced backers to accelerate exploration at its TMT copper-gold-silver project in Argentina and Kalahari Copper Project in Botswana, marking a significant vote of confidence in the company’s growth trajectory.
The placement will be completed in two stages, with A$3 million to be issued under existing placement capacity in mid-May and the remaining funds and options subject to shareholder approval at a meeting slated for late June 2026. Proceeds are earmarked for intensive exploration, drilling and geophysics at the company’s core projects, as well as working capital and business development, positioning Belararox to advance its portfolio at a pivotal time for battery and renewable-focused commodities.
More about Belararox Ltd.
Belararox Ltd. is an ASX-listed mineral explorer focused on copper, gold, silver, zinc and related resources that support technology, battery and renewable energy markets. Its flagship assets are the TMT Project in Argentina and the 100%-owned Kalahari Copper Project in Botswana, complemented by the Belara zinc-copper project in New South Wales and the Bullabulling gold project in Western Australia.
Average Trading Volume: 925,043
Technical Sentiment Signal: Sell
Current Market Cap: A$15.91M
See more data about BRX stock on TipRanks’ Stock Analysis page.