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Cyclone Metals Ltd ( (AU:CLE) ) has issued an announcement.
Cyclone Metals Limited has notified the ASX of a proposed issue of up to 6 million performance rights under a placement or similar arrangement, with an expected issue date of 28 January 2026. The move signals the company’s continued use of performance-based equity to align management and stakeholder interests and may modestly increase the company’s securities on issue, affecting capital structure and potential future dilution for existing shareholders.
The most recent analyst rating on (AU:CLE) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Cyclone Metals Ltd stock, see the AU:CLE Stock Forecast page.
More about Cyclone Metals Ltd
Cyclone Metals Limited, listed on the ASX under the code CLE, is an Australian company operating in the resources sector, focused on metals exploration and development projects. The company uses equity-based instruments such as performance rights as part of its capital management and incentive structures for executives and key personnel.
YTD Price Performance: -1.79%
Average Trading Volume: 2,931,069
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$60.83M
See more data about CLE stock on TipRanks’ Stock Analysis page.