Omnia Metals raises $1.5m to advance U.S. critical minerals push

Omnia Metals Group Ltd ( (AU:OM1) ) has issued an update.

Omnia Metals Group has completed a share placement, issuing 75,054,176 new shares at $0.02 to raise about $1.5 million before costs from professional and sophisticated investors. The new shares were issued under existing placement capacity and rank equally with existing stock, lifting the company’s total shares on issue to 377,770,879.

Proceeds will fund exploration and work programs at its Stibnite Ridge antimony-silver and Radix REE-gallium projects in Montana, as well as further advance the Ord Basin Cu-PGE-Ni project and provide working capital. Key additional securities, including Stibnite Ridge consideration shares, director participation shares and attaching options, remain subject to shareholder approval at an upcoming general meeting, leaving completion of the Stibnite Ridge acquisition contingent on that vote.

More about Omnia Metals Group Ltd

Omnia Metals Group Ltd is an Australia-listed exploration company focused on critical minerals and base metals. Its portfolio includes newly acquired U.S. projects in Montana targeting antimony, silver, rare earth elements and gallium, alongside the Ord Basin copper-PGE-nickel project in Australia, positioning the company in strategically important supply chains.

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Technical Sentiment Signal: Sell

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