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Orion Minerals Limited ( (AU:ORN) ) has shared an update.
Orion Minerals has completed a further share issue under its previously announced placement, issuing 66.7 million new shares at 1.5 cents each to raise A$1 million from Chairman Denis Waddell or his nominee, following shareholder approval at the November 2025 AGM. In addition, the company has issued 7.85 million shares to South African adviser Webb Street Capital in lieu of cash fees for professional services related to the placement, aligning advisory compensation with shareholder interests and modestly increasing Orion’s equity base as it progresses its capital-raising strategy.
The most recent analyst rating on (AU:ORN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Orion Minerals Limited stock, see the AU:ORN Stock Forecast page.
More about Orion Minerals Limited
Orion Minerals Limited is an Australia-incorporated resources company listed on both the ASX and JSE, focused on mineral exploration and development. The company’s activities are centered on advancing mining projects and attracting sophisticated and professional investors to fund its growth in key commodities markets.
Average Trading Volume: 1,248,387
Technical Sentiment Signal: Buy
Current Market Cap: A$161.4M
See more data about ORN stock on TipRanks’ Stock Analysis page.