Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Orion Minerals Limited ( (AU:ORN) ) just unveiled an announcement.
Orion Minerals has lodged a notice of a proposed issue of securities, detailing plans to issue up to 40,976,932 new options. The options will have an exercise price of A$0.022 and are scheduled to expire on 28 May 2029, with the proposed issue date set for 28 May 2026.
The options are to be issued via a placement or similar structure and are intended to be quoted on the ASX, signalling another capital-raising mechanism to support the company’s ongoing project and corporate needs. The move will potentially increase the company’s fully diluted capital base and offer investors leveraged exposure to any future appreciation in Orion’s share price.
More about Orion Minerals Limited
Orion Minerals Ltd is an Australia-listed resources company focused on mineral exploration and development. The company is active in identifying and progressing mining assets, aiming to advance projects through exploration, feasibility and potential production to create value for shareholders in the mining sector.
Its operations typically involve raising capital through equity and related instruments on the ASX to fund exploration, project development and corporate activities in a highly capital-intensive and cyclical industry.
Average Trading Volume: 767,316
Technical Sentiment Signal: Buy
Current Market Cap: A$238.7M
Find detailed analytics on ORN stock on TipRanks’ Stock Analysis page.