Elementos Limited Strengthens Board and Raises $5 Million Through Strategic Placement

Elementos Limited ( (AU:ELT) ) has issued an announcement.

Elementos Limited has completed a strategic private placement, raising $5 million through the issuance of 58,277,698 new shares to Metals X Limited. This agreement also led to the appointment of Metals X executives Brett Smith and Daniel Broughton to the Elementos board, bringing extensive mining and financial expertise to the company. This move is expected to strengthen Elementos’ operational capabilities and enhance its industry positioning as it seeks to capitalize on the growing demand for tin.

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 focused on the exploration, development, and production of tin projects globally. The company owns two world-class tin projects with significant resource bases and exploration potential, positioning itself as a pure tin platform. Elementos aims to address the anticipated tin supply shortfall driven by increased demand from electrification, green energy, automation, electric vehicles, and the shift to lead-free solders.

Average Trading Volume: 270,931

Technical Sentiment Signal: Sell

Current Market Cap: A$22.67M

For an in-depth examination of ELT stock, go to TipRanks’ Stock Analysis page.