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Eastern Metals Limited ( (AU:EMS) ) has provided an announcement.
Eastern Metals Limited is set to have its securities reinstated to trading on the ASX on 9 January 2026 after re-complying with key listing requirements, marking a return to public markets for the mining explorer. The company has raised A$5 million through the issue of 250 million new shares at A$0.02 each, taking its quoted share count to nearly 350 million, while a substantial portion of shares, options and performance rights will be held in escrow for 12 to 24 months. This structure underscores a focus on longer-term alignment between management, early investors and the broader market, and positions Eastern Metals with fresh capital and tightened governance settings as it pursues its exploration strategy.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
More about Eastern Metals Limited
Eastern Metals Limited is an Australian mining exploration company incorporated in New South Wales and listed on the ASX under the code EMS. The company focuses on mineral exploration activities and is supported by Euroz Hartleys Limited as lead manager, with its fully paid ordinary shares trading under the abbreviation EASTMETALS.
Technical Sentiment Signal: Sell
For a thorough assessment of EMS stock, go to TipRanks’ Stock Analysis page.