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Future Metals NL ( (AU:FME) ) has provided an announcement.
Future Metals NL announced that Zeta Resources Limited has received approval from the Foreign Investment Review Board to increase its stake in the company beyond 9.99%. This development ensures that the A$2.64 million Entitlement Offer is fully underwritten, providing financial stability and potential growth opportunities for Future Metals.
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 engaged in producing metals and is listed on the Australian Securities Exchange (ASX) and the AIM market.
Average Trading Volume: 769,285
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$8.63M
For a thorough assessment of FME stock, go to TipRanks’ Stock Analysis page.