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Lodestar Minerals ( (AU:LSR) ) has shared an update.
Lodestar Minerals has notified the market of the issue of 25 million unquoted options, exercisable at A$0.045 each on or before 31 January 2029, under an existing transaction previously flagged to investors. The new options, which will not be quoted on the ASX, represent a form of longer-dated incentive or funding-related instrument and may provide additional capital to the company if exercised, modestly expanding its potential future equity base and aligning holders with the company’s longer-term share price performance.
More about Lodestar Minerals
Lodestar Minerals Limited is an Australia-listed minerals exploration company (ASX: LSR), operating in the resources sector with a focus on discovering and advancing mineral projects. The company raises capital through equity markets to fund exploration and development activities across its portfolio of assets.
YTD Price Performance: -7.14%
Average Trading Volume: 12,527,322
Technical Sentiment Signal: Sell
Current Market Cap: A$14.22M
For a thorough assessment of LSR stock, go to TipRanks’ Stock Analysis page.