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Lodestar Minerals ( (AU:LSR) ) has shared an announcement.
Lodestar Minerals Limited has issued 100 million fully paid ordinary shares, as approved by shareholders at a recent general meeting, as part of the consideration for its acquisition of Arizona Mountain Passage Heavy Rare Earths Pty Ltd. The shares were issued without a disclosure document under relevant provisions of the Corporations Act, with the company confirming its ongoing compliance with financial reporting and continuous disclosure obligations and stating there is no excluded information, signalling a completed step in the transaction that expands Lodestar’s exposure to heavy rare earths and potentially strengthens its strategic position in the critical minerals market.
More about Lodestar Minerals
Lodestar Minerals Limited (ASX: LSR) is an Australian-listed minerals exploration and development company, focused on acquiring and advancing resource projects, including interests in heavy rare earth assets, to build its position within the critical minerals sector.
Average Trading Volume: 12,259,013
Technical Sentiment Signal: Sell
Current Market Cap: A$14.22M
Learn more about LSR stock on TipRanks’ Stock Analysis page.