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The latest announcement is out from Connected IO ( (AU:CML) ).
Connected Minerals Limited has requested a voluntary suspension of trading in its shares on the ASX, following an earlier trading halt, as it prepares to release details of a proposed acquisition and associated capital raising. The suspension, granted under ASX Listing Rule 17.2, will remain in place until the anticipated announcement is made, expected before the start of trading on 4 May 2026, signalling a potentially significant corporate transaction that could reshape the company’s capital structure and strategic direction.
The move indicates that Connected Minerals is pursuing a transaction material enough to warrant a temporary pause in trading to ensure an orderly market, with investors now awaiting further information on the scale and terms of the acquisition and funding. While the company has not disclosed specific details, the combination of an acquisition and capital raising suggests an expansionary step that could affect shareholder dilution, asset portfolio composition, and the company’s positioning within the minerals sector.
More about Connected IO
Connected Minerals Limited is an Australian-listed resources company focused on mineral exploration and development activities. Its securities trade on the ASX under the ticker CML, and the company is headquartered in Perth, Western Australia, positioning it within the broader mining and resources sector.
Average Trading Volume: 81,048
Technical Sentiment Signal: Hold
Current Market Cap: A$19.82M
Find detailed analytics on CML stock on TipRanks’ Stock Analysis page.