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Boab Metals Ltd ( (AU:BML) ) just unveiled an announcement.
Boab Metals has completed an oversubscribed Share Purchase Plan, raising A$7 million after receiving applications totalling about A$17 million and closing the offer early due to strong shareholder demand. Together with recent equity raisings and a substantial senior debt facility, the company now has access to roughly A$350 million, providing full funding certainty for the development and construction of its Sorby Hills Silver-Lead Project through to first production in the second half of 2027, strengthening its balance sheet, eliminating the need for further equity for project development, and marking its transition toward near-term producer status.
The most recent analyst rating on (AU:BML) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Boab Metals Ltd stock, see the AU:BML Stock Forecast page.
More about Boab Metals Ltd
Boab Metals Limited is a Western Australian base and precious metals company focused on advancing the Sorby Hills Silver-Lead Project in the East Kimberley. The construction-ready project, located near established road infrastructure with export access via Wyndham Port, is transitioning from development to construction, with Boab moving to 100% ownership and targeting first concentrate production in the second half of 2027 to leverage favourable silver and lead market fundamentals.
Average Trading Volume: 3,342,455
Technical Sentiment Signal: Buy
Current Market Cap: A$227.4M
See more insights into BML stock on TipRanks’ Stock Analysis page.