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Mt Monger Resources Ltd. ( (AU:MTM) ) has issued an announcement.
Metallium Limited, listed on the ASX under code MTM, has lodged a notice of a proposed securities issue, indicating plans to expand its capital base through an equity transaction. The company has not provided additional operational or strategic context in this filing.
Metallium has announced a proposed placement or similar issue of up to 89,285,714 new fully paid ordinary shares, with an expected issue date of 27 January 2026, as disclosed in its Appendix 3B submission to the ASX. This sizeable capital raising could materially increase the company’s share count, potentially providing funds for future activities while also diluting existing shareholders, depending on final pricing and use of proceeds to be detailed in subsequent disclosures.
The most recent analyst rating on (AU:MTM) stock is a Hold with a A$0.92 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.
Average Trading Volume: 6,723,935
Technical Sentiment Signal: Buy
Current Market Cap: A$577.4M
For an in-depth examination of MTM stock, go to TipRanks’ Overview page.