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Desert Metals Ltd. ( (AU:DM1) ) just unveiled an announcement.
Desert Metals Limited has confirmed that all resolutions put to its 21 January 2026 general meeting were passed by the required majority on a poll. Shareholders ratified a prior issue of Tranche 1 placement shares, approved the issue of Tranche 2 placement shares, and backed the issue of broker options to CPS Capital, cementing shareholder support for the company’s recent capital-raising initiatives and associated advisory arrangements, which are expected to underpin funding for its ongoing gold exploration activities in Côte d’Ivoire.
The most recent analyst rating on (AU:DM1) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Desert Metals Ltd. stock, see the AU:DM1 Stock Forecast page.
More about Desert Metals Ltd.
Desert Metals Limited (ASX: DM1) is a gold exploration and development company focused on Côte d’Ivoire in West Africa. The company holds rights to earn majority interests through low-cost joint venture arrangements over three gold projects covering 1,074km² of granted mineral permits and applications, including an 80% stake in the Tengrela South project near the operating Sissingué gold mine and an 80% interest in the Adzope gold project in the south of the country.
Average Trading Volume: 701,545
Technical Sentiment Signal: Sell
Current Market Cap: A$5.75M
Learn more about DM1 stock on TipRanks’ Stock Analysis page.