Pan Asia Metals Ltd. ( (AU:FLG) ) just unveiled an update.
Flagship Minerals Limited has issued 1,270,239 fully paid ordinary shares at a price of $0.0531 per share, which falls under the exemption of section 708A(5) of the Corporations Act 2001. This move supports the company’s strategy to position itself as a key player in the critical metals sector, specifically in Copper and Lithium, enhancing its financial flexibility and market positioning.
More about Pan Asia Metals Ltd.
Flagship Minerals Limited is a company focused on the exploration and development of critical and battery metals, primarily Copper and Lithium, essential for electrification and a low-carbon future. The company aims to secure and develop assets in strategically advantageous locations, emphasizing low-cost, high-margin projects in infrastructure-rich settings. Their strategy is to be a low-cost producer while ensuring responsible and sustainable operations.
YTD Price Performance: -24.56%
Average Trading Volume: 102,198
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$8.7M
Learn more about FLG stock on TipRanks’ Stock Analysis page.