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The latest announcement is out from Desert Metals Ltd. ( (AU:DM1) ).
Desert Metals Limited has requested a trading halt on its securities pending an announcement regarding a capital raising. The halt is expected to last until the commencement of trading on 8 December 2025 or until the announcement is made. This move indicates a strategic financial maneuver that could potentially impact the company’s operations and market positioning.
More about Desert Metals Ltd.
Desert Metals Limited is an ASX-listed gold exploration and development company. It has the right to earn a majority interest under low-cost joint venture arrangements in three gold projects covering 1,074km² of granted mineral permits and permit applications in Côte d’Ivoire, West Africa. DM1 currently owns 51% of the Tengrela South project and is earning 80% of the Adzope gold project.
Average Trading Volume: 1,610,390
Technical Sentiment Signal: Sell
Current Market Cap: A$3.67M
For a thorough assessment of DM1 stock, go to TipRanks’ Stock Analysis page.