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Elementos Limited ( (AU:ELT) ) has provided an announcement.
Elementos Limited has issued 8,160,619 fully paid ordinary shares at $0.28 per share under a previously announced placement, increasing its capital base to support its ongoing operations and growth plans. The company confirmed that the issuance was completed without a disclosure document under relevant Corporations Act provisions, while affirming its compliance with continuous disclosure and financial reporting obligations, a step that underpins market confidence as Elementos advances its tin projects amid a tightening global tin supply outlook.
The most recent analyst rating on (AU:ELT) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Elementos Limited stock, see the AU:ELT Stock Forecast page.
More about Elementos Limited
Elementos Limited is an ASX-listed resources company focused on the exploration, development and production of tin projects in mining-friendly jurisdictions. It owns two large-scale tin assets with substantial resource bases and exploration upside, positioning the company as a pure tin platform aimed at addressing an anticipated global tin supply shortfall driven by growing demand from electrification, green energy, automation, electric vehicles and lead-free solder applications.
Average Trading Volume: 285,177
Technical Sentiment Signal: Buy
Current Market Cap: A$124.1M
Learn more about ELT stock on TipRanks’ Stock Analysis page.