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Lodestar Minerals ( (AU:LSR) ) has issued an update.
Lodestar Minerals has notified the market of the issue of 64.4 million unquoted options exercisable at $0.045 each, expiring on 31 January 2029. The options, which form part of a previously flagged transaction and are not intended to be quoted on the ASX, represent a significant potential source of future capital for the company and signal an ongoing use of equity-linked incentives or funding structures that may influence shareholder dilution and the company’s long-term capital management strategy.
More about Lodestar Minerals
Lodestar Minerals Limited is an Australian-listed minerals exploration company (ASX: LSR), focused on identifying and developing mineral resource projects. The company operates within the broader mining and resources sector, using equity capital markets to fund exploration and project advancement activities.
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.