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ioneer Limited ( (AU:INR) ) has provided an announcement.
ioneer Ltd has launched an institutional placement of new ordinary shares to raise equity capital, targeting eligible institutional and sophisticated investors, with Bell Potter Securities and Canaccord Genuity (Australia) acting as joint lead managers. The company emphasizes that the offer is informational only, outlines the speculative nature of its securities, and reiterates that its existing mineral resource, ore reserve and production target estimates remain unchanged, framing the raising as part of its ongoing project financing and development efforts while cautioning investors on risks and the non-IFRS nature of certain financial metrics used.
The most recent analyst rating on (AU:INR) stock is a Hold with a A$0.21 price target. To see the full list of analyst forecasts on ioneer Limited stock, see the AU:INR Stock Forecast page.
More about ioneer Limited
ioneer Ltd is an Australian-listed resources company focused on the development of lithium and boron projects, positioning itself within the critical minerals supply chain for emerging clean energy and battery markets.
Average Trading Volume: 6,789,631
Technical Sentiment Signal: Buy
Current Market Cap: A$575M
For a thorough assessment of INR stock, go to TipRanks’ Stock Analysis page.