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MRG Metals Launches Rights Issue to Fund Exploration Projects

Story Highlights
  • MRG Metals is offering new options to eligible shareholders to raise funds.
  • Funds will support exploration and working capital, excluding non-Australian and New Zealand shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
MRG Metals Launches Rights Issue to Fund Exploration Projects

Elevate Your Investing Strategy:

The latest update is out from MRG Metals Limited ( (AU:MRQ) ).

MRG Metals Limited has announced a pro-rata non-renounceable rights issue, offering three new MRQOA options for every ten shares held by eligible shareholders at a price of $0.001 per option. The funds raised will support exploration activities across several projects and provide working capital. The offer is limited to shareholders in Australia and New Zealand, excluding those in other jurisdictions due to legal and regulatory constraints.

More about MRG Metals Limited

MRG Metals Limited is a company operating in the mining industry, focusing on projects involving heavy mineral sands (HMS), rare earth elements (REE), and uranium. The company is engaged in exploration activities across various projects, including the Linhuane HMS Project, Adriano REE & TH Project, Fotinho REE & TH Project, and Olinga Uranium Project.

Current Market Cap: A$10.91M

For detailed information about MRQ stock, go to TipRanks’ Stock Analysis page.

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