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McLaren Minerals Issues New Shares to Support McLaren Project

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McLaren Minerals Issues New Shares to Support McLaren Project

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Allup Silica Ltd. ( (AU:MML) ) just unveiled an announcement.

McLaren Minerals Limited has issued 4,241,571 fully paid ordinary shares in relation to its McLaren project and has advised that these shares were issued without a prospectus under the Corporations Act’s disclosure exemptions. The company confirmed it is compliant with its financial reporting and continuous disclosure obligations and stated there is no excluded information that would materially affect investors’ assessment of the company or the rights attached to the new shares, signalling a routine capital management step in support of its project development activities.

The most recent analyst rating on (AU:MML) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Allup Silica Ltd. stock, see the AU:MML Stock Forecast page.

More about Allup Silica Ltd.

McLaren Minerals Limited is an Australian mineral exploration company focused on advancing its high-value McLaren titanium project in the Eucla Basin of Western Australia and has recently expanded its portfolio with the zircon-rich Barossa Project, targeting critical minerals used in aerospace, defence and energy technologies.

Average Trading Volume: 4,356,004

Technical Sentiment Signal: Sell

Current Market Cap: A$10.75M

See more data about MML stock on TipRanks’ Stock Analysis page.

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