Firebird Metals Issues New Shares, Reaffirms Compliance Amid Battery Materials Push

Firebird Metals Ltd. ( (AU:FRB) ) just unveiled an announcement.

Firebird Metals has issued 1,033,335 new ordinary shares without a prospectus under the Corporations Act’s disclosure exemptions and has confirmed it remains compliant with its ongoing reporting and disclosure obligations as a listed disclosing entity. The board-backed notice states there is no undisclosed price-sensitive information required to be released at this time, indicating the share issuance is being conducted against a backdrop of regulatory compliance and operational transparency as the company progresses its manganese-based battery materials strategy.

The most recent analyst rating on (AU:FRB) stock is a Hold with a A$0.25 price target. To see the full list of analyst forecasts on Firebird Metals Ltd. stock, see the AU:FRB Stock Forecast page.

More about Firebird Metals Ltd.

Firebird Metals Limited is an integrated manganese technology company focused on supplying the electric vehicle and energy-storage markets. It operates a state-of-the-art laboratory and research facility with full flowsheet capability from manganese ore through to finished battery active cathode materials, leveraging proprietary technologies such as a high-efficiency kiln and advanced crystallisation to reduce cost and energy use and generate potential revenue from equipment sales and licensing. The company is advancing a lithium manganese iron phosphate pathway for near-term production of high-purity manganese sulphate and next-generation cathode materials, underpinned by substantial manganese resources in Western Australia at its Oakover and Hill 616 projects, while retaining flexibility to source ore from third parties.

Average Trading Volume: 327,341

Technical Sentiment Signal: Buy

Current Market Cap: A$46.24M

For an in-depth examination of FRB stock, go to TipRanks’ Overview page.