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The latest update is out from Orion Minerals Limited ( (AU:ORN) ).
Orion Minerals Limited has announced an extension of its Share Purchase Plan (SPP) closing date to 12 August 2025, providing eligible shareholders additional time to participate. This extension follows the company’s recent successful placement of 289 million shares to sophisticated investors and a loan conversion agreement, raising a total of approximately A$5.8 million. The SPP aims to raise up to A$4 million, allowing shareholders to purchase shares at the same price as the recent placement, potentially enhancing shareholder value and supporting the company’s growth strategy.
More about Orion Minerals Limited
Orion Minerals Limited is an Australian company engaged in the mining industry, focusing primarily on mineral exploration and development. The company is listed on both the Australian Securities Exchange (ASX) and the Johannesburg Stock Exchange (JSE), with a market focus that includes regions such as Australia, South Africa, and parts of Europe.
Average Trading Volume: 1,300,558
Technical Sentiment Signal: Sell
Current Market Cap: A$72.82M
Learn more about ORN stock on TipRanks’ Stock Analysis page.