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eMetals Limited ( (AU:EMT) ) just unveiled an announcement.
eMetals Limited announced that its 420,000,000 quoted options, exercisable at $0.03, are due to expire on 30 September 2025. The company confirmed that no expiry notices will be sent to holders as the options are substantially out of the money, with the current market price of shares significantly below the exercise price. This announcement highlights the company’s current market challenges and the lack of an underwriting agreement for these options, which may impact stakeholder decisions.
More about eMetals Limited
eMetals Limited (ASX: EMT) is a mining exploration company focused on rare earth, precious, and base metals. It has recently acquired the Mubende Gold Project in Uganda, which spans 202 square kilometers and includes the Bukuya prospect. The company also holds an exploration license in Western Australia’s Albany Fraser Range, targeting gold and rare earth elements.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.25M
Learn more about EMT stock on TipRanks’ Stock Analysis page.