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McLaren Minerals Seeks ASX Quotation for Over 4.2 Million New Shares

Story Highlights
  • McLaren Minerals has applied to quote 4.24 million new ordinary shares on the ASX.
  • The new shares relate to the McLaren project, bolstering capital and project development capacity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
McLaren Minerals Seeks ASX Quotation for Over 4.2 Million New Shares

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The latest announcement is out from Allup Silica Ltd. ( (AU:MML) ).

McLaren Minerals Limited has applied to the ASX for quotation of 4,241,571 new fully paid ordinary shares, issued in connection with its McLaren project. The additional securities, effective from 20 January 2026, expand the company’s quoted capital base and underscore the ongoing development of the McLaren project, which may influence its funding capacity, project progression and positioning within the mineral exploration sector.

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-listed resources company focused on mineral exploration and development. The company is listed on the ASX under the ticker MML and targets growth through advancing its project portfolio, including the McLaren project.

Average Trading Volume: 4,356,004

Technical Sentiment Signal: Sell

Current Market Cap: A$10.75M

For an in-depth examination of MML stock, go to TipRanks’ Overview page.

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