MTM Critical Metals Issues 1 Million Shares Following Option Conversion

The latest announcement is out from Mt Monger Resources Ltd. ( (AU:MTM) ).

MTM Critical Metals Limited has issued 1,000,000 ordinary shares following the conversion of unlisted options at $0.25 per share, without disclosure under the Corporations Act. This move, compliant with the Act’s provisions, allows the shares to be sold under an exemption, potentially enhancing the company’s financial flexibility and market positioning.

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 an ASX-listed company based in Perth, Western Australia, focusing on metal recovery technology development and mineral exploration. The company owns Flash Metals USA Inc, a subsidiary in Texas, and holds exclusive rights to the Flash Joule Heating technology, an innovative metal recovery method. MTM’s exploration assets include niobium, rare earth elements, and gold, located in Western Australia and Québec.

Average Trading Volume: 5,447,159

Technical Sentiment Signal: Buy

Current Market Cap: A$228.1M

For a thorough assessment of MTM stock, go to TipRanks’ Stock Analysis page.