DMC Mining Plans Major Share Issuance

DMC Mining Ltd. (AU:DMM) has released an update.

DMC Mining Ltd. has announced a new placement or other type of issue involving the proposed issuance of 110 million fully paid ordinary shares, with the issue date set for September 9, 2024. This move is aimed at expanding the company’s financial capabilities and will be subject to approval by the ASX, under the terms outlined in their Listing Rules.

For further insights into AU:DMM stock, check out TipRanks’ Stock Analysis page.