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MTM Critical Metals Advances Share Placement to Bolster Financial Position

Story Highlights
  • MTM Critical Metals issued over 44 million shares in Tranche 1 of a placement.
  • Tranche 2’s allotment is pending shareholder approval, supporting MTM’s strategic initiatives.
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MTM Critical Metals Advances Share Placement to Bolster Financial Position

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Mt Monger Resources Ltd. ( (AU:MTM) ) has shared an update.

MTM Critical Metals Limited has issued 44,120,544 ordinary fully paid shares as part of Tranche 1 of a placement announced on 26 June 2025, priced at $0.55 per share. The allotment of Tranche 2, comprising 46,788,547 shares, is pending shareholder approval in August 2025. This move aligns with MTM’s strategic initiatives to strengthen its financial position and support its innovative metal recovery operations, potentially enhancing its market positioning and stakeholder value.

The most recent analyst rating on (AU:MTM) stock is a Buy with a A$0.96 price target. To see the full list of analyst forecasts on Mt Monger Resources Ltd. stock, see the AU:MTM Stock Forecast page.

More about Mt Monger Resources Ltd.

MTM Critical Metals Limited is a company listed on ASX and OTCQB, with operations in Perth, Western Australia, and Texas, USA. It specializes in advanced metal recovery technologies, notably through its exclusive licensing of the Flash Joule Heating technology. This innovative method, developed by researchers at Rice University, enhances metal recovery and mineral processing by efficiently extracting metals such as lithium, gallium, and gold, offering a more economical and environmentally friendly alternative.

Average Trading Volume: 6,101,298

Technical Sentiment Signal: Buy

Current Market Cap: A$330.2M

See more data about MTM stock on TipRanks’ Stock Analysis page.

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