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MinRex Resources Limited ( (AU:MRR) ) just unveiled an announcement.
MinRex Resources Limited has lodged an Appendix 3B with the ASX outlining a proposed placement or other type of securities issue of up to 1,053,676,093 new fully paid ordinary shares. The new securities are expected to be issued on 30 March 2026, signalling a significant prospective capital raising that could strengthen the company’s funding position for ongoing operations and project development, while materially increasing its share base and potentially impacting existing shareholders through dilution.
The most recent analyst rating on (AU:MRR) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on MinRex Resources Limited stock, see the AU:MRR Stock Forecast page.
More about MinRex Resources Limited
MinRex Resources Limited (ASX: MRR) is an Australian-listed resources company operating in the mining and exploration sector, with its activities focused on acquiring and developing mineral resource projects. The company raises capital on the ASX to fund its exploration and development programs within the broader resources industry.
Average Trading Volume: 2,005,471
Technical Sentiment Signal: Sell
Current Market Cap: A$14.1M
See more insights into MRR stock on TipRanks’ Stock Analysis page.