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K-TIG Ltd ( (AU:MPW) ) has issued an announcement.
Metal Powder Works Limited has successfully completed a A$15 million share placement to institutional investors, priced at A$3.50 per share. This capital raise will enable the company to accelerate its growth strategy, scale production, expand market share, and enhance its product offerings. The strong support from investors underscores the market’s recognition of MPW’s innovative technology and its potential market opportunities. The funds will also be used for working capital, including the repayment of a legacy loan facility.
More about K-TIG Ltd
Metal Powder Works Limited (ASX: MPW) is a company based in Pittsburgh, USA, specializing in the production of high-quality metal powders for additive manufacturing and other advanced applications. The company has developed a patented non-thermal powder production process known as DirectPowder™, which is a significant innovation in powder manufacturing. MPW produces over 16 types of powders, including high-strength aluminum, copper, copper-nickel alloys, and specialty alloys like CP-Ti and Zircaloy. In 2024, it was recognized as Material Company of the Year by the 3D Printing Industry Awards.
Average Trading Volume: 466,362
Technical Sentiment Signal: Sell
Current Market Cap: A$514.2M
For detailed information about MPW stock, go to TipRanks’ Stock Analysis page.