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An update from Forrestania Resources Limited ( (AU:FRS) ) is now available.
Forrestania Resources plans to issue up to 192,207,796 new options to eligible investors under a transaction-specific prospectus, emphasizing the speculative nature of the offer and urging potential participants to seek professional advice while noting cross-border compliance requirements for Australian and New Zealand investors. The offer aims to strengthen the company’s capital structure for ongoing exploration initiatives, underscoring the regulatory framework governing its securities and the need for investors to understand associated risks.
The most recent analyst rating on (AU:FRS) stock is a Hold with a A$0.54 price target. To see the full list of analyst forecasts on Forrestania Resources Limited stock, see the AU:FRS Stock Forecast page.
More about Forrestania Resources Limited
Forrestania Resources Limited is an Australian mineral exploration company focused on developing lithium and other critical mineral projects to serve the battery and electric-vehicle supply chain.
Average Trading Volume: 2,022,794
Technical Sentiment Signal: Buy
Current Market Cap: A$425.8M
For detailed information about FRS stock, go to TipRanks’ Stock Analysis page.