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Elementos Limited ( (AU:ELT) ) has shared an update.
Elementos Limited announced a successful capital raise of at least $8.7 million, potentially reaching up to $11.6 million, through a placement and entitlement offer at $0.28 per share. The funds will enhance the company’s cash position to approximately $12.5 million, supporting the development of its Oropesa and Cleveland projects. This financial boost positions Elementos to advance towards a Final Investment Decision for the Oropesa Tin Project, fund the Tin Smelter Options, and progress the Cleveland Project through a Scoping Study. The capital raise reflects strong market confidence in Elementos’ strategy and its commitment to providing much-needed tin supply for the global energy transition.
The most recent analyst rating on (AU:ELT) stock is a Buy with a A$0.30 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 a company in the mining industry, focusing on tin projects. Its primary projects include the Oropesa Tin Project and the Cleveland Tin and Tungsten Project. The company is committed to delivering new tin supply to support global energy transition, electrification, and digital automation.
YTD Price Performance: 307.14%
Average Trading Volume: 275,540
Technical Sentiment Signal: Buy
Current Market Cap: A$88.98M
See more insights into ELT stock on TipRanks’ Stock Analysis page.