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Metals X Limited ( (AU:MLX) ) has issued an announcement.
Metals X Limited has announced its participation in Elementos Limited’s capital raising initiative, which aims to generate up to A$11.6 million through a private placement and entitlement offer. Metals X is committed to investing A$550,315 in the entitlement offer and up to A$2,716,353 in the placement, contingent on other shareholders’ participation, maintaining their interest below 19.99% of Elementos’ expanded capital. This strategic move is expected to strengthen Metals X’s investment portfolio and influence in the tin market.
The most recent analyst rating on (AU:MLX) stock is a Buy with a A$1.00 price target. To see the full list of analyst forecasts on Metals X Limited stock, see the AU:MLX Stock Forecast page.
More about Metals X Limited
Metals X Limited operates in the mining industry, focusing on the extraction and investment in metals. The company holds a significant interest in various mining projects, including a notable stake in the Oropesa Tin Project in Andalucía, Spain.
YTD Price Performance: 85.54%
Average Trading Volume: 3,162,802
Technical Sentiment Signal: Buy
Current Market Cap: A$682.5M
For an in-depth examination of MLX stock, go to TipRanks’ Overview page.