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Kuniko Issues 43 Million New Shares as It Expands Critical Minerals Focus

Story Highlights
  • Kuniko is expanding ethically sourced critical mineral projects in Australia and Europe.
  • Kuniko has issued about 43 million new shares via placement, fee conversion and a contractor deal.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Kuniko Issues 43 Million New Shares as It Expands Critical Minerals Focus

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Kuniko Ltd. ( (AU:KNI) ) has shared an update.

Kuniko Limited, an Australian mineral exploration company with projects in silver, gold, base metals and European battery metals, is focused on supplying critical and strategic minerals for the energy transition. The company emphasises ethical sourcing as it builds a portfolio aimed at supporting secure and sustainable raw material supply.

The company has issued 42,951,964 new fully paid ordinary shares, largely through a second tranche placement that includes director participation approved by shareholders. Additional shares were created via the conversion of director fees and under a contractor agreement, with Kuniko confirming it has met its continuous disclosure and reporting obligations under the Corporations Act in connection with the issuance.

More about Kuniko Ltd.

Kuniko Limited is an Australia-based resources company advancing silver, gold and base metals projects domestically while also developing battery metals assets in Europe. The company targets critical and strategic minerals linked to the global energy transition and security, positioning itself as an ethically focused supplier to emerging clean energy and industrial supply chains.

Average Trading Volume: 731,830

Technical Sentiment Signal: Sell

Current Market Cap: A$7.6M

Learn more about KNI stock on TipRanks’ Stock Analysis page.

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