Metals X Limited Invests $5 Million in Elementos to Expand Tin Project Portfolio

Metals X Limited ( (AU:MLX) ) has provided an announcement.

Metals X Limited has announced a strategic investment of $5 million in Elementos Limited through a private placement, acquiring a 19.98% stake in the company. This investment allows Metals X to engage in the development of global tin projects, enhancing its industry position and operational expertise by collaborating closely with Elementos’ management and board.

The most recent analyst rating on (AU:MLX) stock is a Hold with a A$0.48 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 exploration and development of metal resources. The company is primarily involved in the production and sale of tin and other base metals, with a market focus on expanding its operational capabilities and resource base.

YTD Price Performance: 30.12%

Average Trading Volume: 5,265,102

Technical Sentiment Signal: Buy

Current Market Cap: A$478.7M

For an in-depth examination of MLX stock, go to TipRanks’ Stock Analysis page.