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An update from Podium Minerals Ltd. ( (AU:POD) ) is now available.
Podium Minerals Ltd. has announced a pro-rata non-renounceable entitlement offer to raise approximately A$7.0 million by issuing around 109.7 million new shares at 6.4 cents each. The funds will be used to further develop the company’s Parks Reef PGM Project. The entitlement offer is fully underwritten by Leeuwin Wealth and managed jointly with Cumulus Wealth. Eligible shareholders can participate in the offer, which closes on 21 October 2025, with any shortfall to be acquired by the underwriter.
More about Podium Minerals Ltd.
Podium Minerals Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in advancing its Parks Reef PGM Project, which is wholly owned by Podium Minerals.
Average Trading Volume: 2,647,630
Technical Sentiment Signal: Buy
Current Market Cap: A$76.45M
For a thorough assessment of POD stock, go to TipRanks’ Stock Analysis page.