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Mt Monger Resources Ltd. ( (AU:MTM) ) just unveiled an update.
Metallium Limited has completed the share issuance component of its A$75 million capital raising, placing a total of 4,600,672 new ordinary shares at A$0.84 each, including 595,238 shares issued in lieu of advisory fees. The company has issued a cleansing notice under sections 708A(5)(e) and 708A(6) of the Corporations Act to allow on‑sale of these shares without a prospectus, confirming it is up to date with its financial reporting and continuous disclosure obligations and that there is no undisclosed information material to investors’ assessment of the company or the rights attached to the new shares.
The most recent analyst rating on (AU:MTM) stock is a Hold with a A$0.86 price target. To see the full list of analyst forecasts on Mt Monger Resources Ltd. stock, see the AU:MTM Stock Forecast page.
More about Mt Monger Resources Ltd.
Metallium Ltd is a critical and precious metals recovery company pioneering a low‑carbon, high‑efficiency process to extract high‑value materials such as gallium, germanium, antimony, rare earth elements and gold from mineral concentrates and high‑grade waste streams including refinery scrap, e‑waste and monazite. Leveraging its patented Flash Joule Heating technology and operating through its U.S. subsidiary Flash Metals USA Inc., the company is aligning with U.S. strategic supply chain objectives and has recently secured its first commercial site in Texas as it moves toward near‑term production and revenue generation.
Average Trading Volume: 6,691,596
Technical Sentiment Signal: Buy
Current Market Cap: A$617.2M
Find detailed analytics on MTM stock on TipRanks’ Stock Analysis page.