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ioneer Limited ( (AU:INR) ) has shared an update.
Ioneer Limited has launched a non-underwritten share purchase plan (SPP) aiming to raise approximately A$5 million following a successful institutional placement that raised around A$25 million. The SPP is available to eligible shareholders in Australia and New Zealand, allowing them to purchase new shares at A$0.10 each, the same price as the institutional placement. This initiative is part of Ioneer’s strategy to strengthen its financial position and support its ongoing projects, potentially enhancing its market presence and offering stakeholders an opportunity to participate in the company’s growth.
The most recent analyst rating on (AU:INR) stock is a Buy with a A$0.35 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 Limited is a company operating in the mining industry, primarily focused on the development and production of lithium and boron products. The company is strategically positioned to cater to the growing demand for these materials, which are essential for various applications, including electric vehicles and renewable energy solutions.
Average Trading Volume: 4,329,085
Technical Sentiment Signal: Sell
Current Market Cap: A$247.8M
Find detailed analytics on INR stock on TipRanks’ Stock Analysis page.