Macro Metals Issues New Shares and Flags Growing Mining Services Pipeline

Kogi Iron Ltd. ( (AU:M4M) ) just unveiled an announcement.

Macro Metals Limited has issued 248,738,401 new ordinary shares, including placement shares, director fee shares, director incentive securities and consideration shares for the Rusty acquisition, all previously approved by shareholders at the company’s November 2025 annual general meeting. The company also outlined a growing business development pipeline, including an exclusivity agreement with an ASX-listed gold miner for proposed gold mining services and a profit-share arrangement, as well as pending framework agreements for its majority indigenous-owned joint venture to provide mining services to a tier-one iron ore producer in the Pilbara, while cautioning investors that these opportunities remain subject to final contracts and approvals and may not proceed as currently envisaged.

More about Kogi Iron Ltd.

Macro Metals Limited is an ASX-listed mining services company based in West Perth, Western Australia, focused on developing a robust mining services business with long-term, sustainable growth prospects. The company is expanding its presence in gold and iron ore regions, including the Goldfields and Pilbara, and leverages joint ventures, including majority indigenous-owned structures, to secure work with tier-one resource producers.

Technical Sentiment Signal: Sell

Current Market Cap: A$30.24M

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