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Catalyst Metals Raises $150 Million Through Share Issuance

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Catalyst Metals Raises $150 Million Through Share Issuance

Confident Investing Starts Here:

Catalyst Metals Limited ( (AU:CYL) ) has provided an update.

Catalyst Metals Limited has announced the issuance of 25 million fully paid ordinary shares through an institutional placement, raising $150 million. This capital raising, conducted without a disclosure document under Section 708 of the Corporations Act, signifies the company’s strategic move to strengthen its financial position, potentially impacting its market operations and investor relations positively.

The most recent analyst rating on (AU:CYL) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Catalyst Metals Limited stock, see the AU:CYL Stock Forecast page.

More about Catalyst Metals Limited

Average Trading Volume: 1,703,068

Technical Sentiment Signal: Buy

Current Market Cap: A$1.38B

For an in-depth examination of CYL stock, go to TipRanks’ Stock Analysis page.

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