Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from Legacy Minerals Holdings Ltd. ( (AU:LGM) ).
Legacy Minerals Holdings Ltd. has secured up to A$4 million in funding through an underwriting agreement with Bell Potter Securities to ensure the exercise of its remaining unexercised listed options (LGMO) at A$0.205 each before their January 2026 expiry. The transaction, which will not require shareholder approval or use of placement capacity under ASX Listing Rules, is expected to lift the company’s pro-forma cash balance to about A$10 million by the end of 2025, providing additional capital for discovery-focused silver, gold and copper drilling at Mt Carrington, further metallurgical and study work, and general working capital, thereby strengthening its exploration program and financial position.
The most recent analyst rating on (AU:LGM) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Legacy Minerals Holdings Ltd. stock, see the AU:LGM Stock Forecast page.
More about Legacy Minerals Holdings Ltd.
Legacy Minerals Holdings Ltd. is an ASX-listed mineral exploration company focused on the discovery and development of precious and base metal projects, particularly silver, gold and copper. Its key activities include drilling, metallurgical work and resource expansion programs aimed at growing mineral resource estimates and advancing exploration assets such as the Mt Carrington project in New South Wales, Australia.
Average Trading Volume: 452,673
Technical Sentiment Signal: Buy
Current Market Cap: A$40.15M
Find detailed analytics on LGM stock on TipRanks’ Stock Analysis page.