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Allup Silica Ltd. ( (AU:MML) ) has shared an update.
McLaren Minerals Limited has applied for quotation on the ASX of 49,531,250 new ordinary fully paid shares, issued as shortfall shares under its recent Share Purchase Plan. The shares, dated 20 May 2026, expand the company’s quoted capital base, completing the placement of SPP shortfall and providing additional funding capacity for its ongoing operations and exploration programs.
The additional securities, lodged as a new announcement under Appendix 2A of the ASX Listing Rules, follow an earlier Appendix 3B filing on 28 April 2026 detailing the structure of the capital raising. The move reinforces McLaren Minerals’ access to equity markets and may improve share liquidity, while aligning its capital structure with the outcome of the Share Purchase Plan and associated shortfall allocation.
More about Allup Silica Ltd.
McLaren Minerals Limited is an ASX-listed resources company operating in the minerals exploration and mining sector. Trading under the code MML, the company issues ordinary fully paid shares as its primary listed security, providing investors with equity exposure to its mineral projects and activities.
Average Trading Volume: 812,854
Technical Sentiment Signal: Sell
Current Market Cap: A$6.38M
Find detailed analytics on MML stock on TipRanks’ Stock Analysis page.