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Future Metals NL ( (AU:FME) ) has issued an announcement.
Future Metals NL has announced a pro-rata non-renounceable entitlement offer to raise approximately A$2.64 million, which will be used to further develop its Eileen Bore Cu-Ni-PGM project and for working capital. The offer allows eligible shareholders to subscribe for new shares on a 1-for-3 basis, with the entitlement offer partially underwritten by CPS Capital Group Pty Ltd. This strategic move is expected to bolster the company’s project development efforts and strengthen its financial position, although it is limited to shareholders in specific countries due to regulatory considerations.
More about Future Metals NL
Future Metals NL operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the production of copper, nickel, and platinum group metals (PGM), with a market focus on advancing its Eileen Bore Cu-Ni-PGM project.
Average Trading Volume: 602,067
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$7.91M
See more insights into FME stock on TipRanks’ Stock Analysis page.