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Legacy Minerals Seeks ASX Quotation for Over 5.3 Million New Shares

Story Highlights
  • Legacy Minerals has applied to list 5.35 million new fully paid ordinary shares on the ASX.
  • The additional shares modestly dilute existing holders but may boost liquidity and funding flexibility for the company.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Legacy Minerals Seeks ASX Quotation for Over 5.3 Million New Shares

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Legacy Minerals Holdings Ltd. ( (AU:LGM) ) has shared an update.

Legacy Minerals Holdings Ltd has applied to the ASX for quotation of new fully paid ordinary shares issued under exercised options or converted securities, expanding its listed capital base. The company will have an additional 5,354,514 shares quoted in two tranches dated 19 and 20 January 2026, a move that modestly increases shareholder dilution while potentially enhancing market liquidity and providing further funding flexibility for its ongoing activities.

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.

Average Trading Volume: 453,268

Technical Sentiment Signal: Buy

Current Market Cap: A$37.53M

Find detailed analytics on LGM stock on TipRanks’ Stock Analysis page.

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