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The latest announcement is out from Metalsgrove Mining Ltd. ( (AU:MGA) ).
Metalsgrove Mining Ltd has applied to the ASX for quotation of 1,000,000 new fully paid ordinary shares, to be issued on 2 February 2026. Of these, 500,000 shares will be issued to investor Lijun Yang or his nominee following shareholder approval on 30 January 2026, while a further 500,000 shares will be issued to CRC Minerals as consideration for services provided on Metalsgrove’s Cote d’Ivoire project, also approved by shareholders. The issuance recognises both strategic capital support and technical or project-related services, modestly expanding the company’s capital base while underlining its commitment to advancing its international exploration portfolio and rewarding key contributors to its growth.
The most recent analyst rating on (AU:MGA) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Metalsgrove Mining Ltd. stock, see the AU:MGA Stock Forecast page.
More about Metalsgrove Mining Ltd.
Metalsgrove Mining Ltd is an Australian-listed resources company operating in the mining sector, with its ordinary fully paid shares traded on the ASX under the code MGA. The company is involved in mineral exploration and project development, including work on assets such as its Cote d’Ivoire project, and engages external specialists and partners to support its operations and growth initiatives.
Average Trading Volume: 171,398
Technical Sentiment Signal: Buy
Current Market Cap: A$11.2M
Find detailed analytics on MGA stock on TipRanks’ Stock Analysis page.