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An announcement from Allup Silica Ltd. ( (AU:MML) ) is now available.
McLaren Minerals Limited has announced a non-renounceable pro rata entitlement offer to raise approximately $3.6 million by issuing new shares and options to eligible shareholders. The offer is fully underwritten by Leeuwin Wealth Pty Ltd, and any shortfall will be addressed through a top-up facility and shortfall offer, targeting sophisticated investors. This move aims to strengthen the company’s financial position and support its ongoing projects.
More about Allup Silica Ltd.
McLaren Minerals Limited is an exploration company focused on the development of its high-value titanium project in the Eucla Basin of Western Australia. Titanium is a critical mineral essential for aerospace, defense, and energy technologies.
Average Trading Volume: 2,623,270
Technical Sentiment Signal: Sell
Current Market Cap: A$8.74M
For a thorough assessment of MML stock, go to TipRanks’ Stock Analysis page.