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Future Metals NL ( (AU:FME) ) has issued an update.
Future Metals NL has announced a 1-for-3 non-renounceable pro-rata entitlement offer to raise approximately A$2.64 million. This initiative, partially underwritten by CPS Capital Group Pty Ltd, aims to fund the development of the Eileen Bore Cu-Ni-PGM project and cover working capital and offer costs. The offer is available to eligible shareholders in several countries, and the directors and major shareholder Zeta Resources Limited have expressed intentions to participate. The entitlement offer is expected to impact shareholder equity, as those who do not participate will experience dilution.
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 involved in the production of metals, with a particular emphasis on projects like the Eileen Bore Cu-Ni-PGM project.
Average Trading Volume: 689,258
Technical Sentiment Signal: Sell
Current Market Cap: A$7.91M
For an in-depth examination of FME stock, go to TipRanks’ Stock Analysis page.