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Connected Minerals to Release Shares from Escrow

Story Highlights
  • Connected Minerals focuses on uranium exploration in Namibia and multi-commodity projects in Western Australia.
  • The release of 7,932,913 shares from escrow may enhance market liquidity and investor interest.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Connected Minerals to Release Shares from Escrow

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Connected IO ( (AU:CML) ) has issued an announcement.

Connected Minerals Limited announced the release of 7,932,913 ordinary fully paid shares from escrow, effective 25 October 2024. This move is part of the company’s strategic initiatives and may impact its market operations and stakeholder interests by potentially increasing share liquidity and investor engagement.

More about Connected IO

Connected Minerals Limited (ASX: CML) is an Australian-headquartered company focused on the exploration and potential development of projects in Namibia and Western Australia. The company targets uranium discoveries through exclusive prospecting licenses in Namibia and has acquired exploration licenses in Western Australia with multi-commodity potential.

Average Trading Volume: 53,847

Technical Sentiment Signal: Sell

Current Market Cap: A$11.66M

For detailed information about CML stock, go to TipRanks’ Stock Analysis page.

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