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Future Metals NL ( (AU:FME) ) just unveiled an update.
Future Metals NL has announced a partially underwritten pro-rata non-renounceable entitlement offer to raise approximately $2.64 million. This offer involves issuing one new share for every three shares held at a price of $0.011 per share. The offer is partially underwritten by CPS Capital Group Pty Ltd and is set to close on May 30, 2025. This move is aimed at raising capital for the company, potentially impacting its financial standing and market operations.
More about Future Metals NL
Average Trading Volume: 602,067
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$7.91M
For a thorough assessment of FME stock, go to TipRanks’ Stock Analysis page.