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Champion Iron ( (AU:CIA) ) just unveiled an update.
Champion Iron Limited has lodged an Appendix 3B notice with the ASX outlining a proposed placement of up to 26,795,921 new subscription receipts, structured as convertible non-debt securities. The proposed issue, expected to occur on 5 February 2026, signals the company’s intention to raise additional capital, which could support its ongoing operational and growth initiatives while potentially leading to future equity dilution for existing shareholders as the receipts convert into listed securities.
The most recent analyst rating on (AU:CIA) stock is a Buy with a A$6.50 price target. To see the full list of analyst forecasts on Champion Iron stock, see the AU:CIA Stock Forecast page.
More about Champion Iron
Champion Iron Limited is an iron ore producer listed on the ASX under the code CIA, operating in the resources and mining sector. The company is focused on developing and operating iron ore assets, supplying high-grade iron ore products to global steelmaking markets.
YTD Price Performance: 7.05%
Average Trading Volume: 1,511,461
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$3.14B
For a thorough assessment of CIA stock, go to TipRanks’ Stock Analysis page.