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The latest announcement is out from Orion Minerals Limited ( (AU:ORN) ).
Orion Minerals has announced a proposed capital raising through the issue of up to 698,030,694 new fully paid ordinary shares and 349,015,346 options. The options will have an exercise price of A$0.031 and are scheduled to expire on 28 May 2029, with all new securities expected to be issued on 28 May 2026.
The placement significantly increases Orion’s equity base and provides additional financial flexibility to support its exploration and development activities. The large volume of new shares and options may dilute existing holdings but could strengthen the company’s balance sheet and capacity to advance its mineral projects in a competitive resources market.
More about Orion Minerals Limited
Orion Minerals Ltd is an Australian-listed resources company focused on mineral exploration and development. The company is primarily involved in identifying, acquiring, and advancing mineral assets, with its ordinary shares traded on the ASX under the code ORN.
Average Trading Volume: 767,316
Technical Sentiment Signal: Buy
Current Market Cap: A$238.7M
For an in-depth examination of ORN stock, go to TipRanks’ Overview page.