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PolarX Ltd ( (AU:PXX) ) has issued an announcement.
PolarX Limited has requested a voluntary suspension of its securities from trading on the ASX to manage its continuous disclosure obligations while finalizing negotiations for a capital raising. The suspension, effective from September 4, 2025, is expected to remain until an announcement regarding the capital raising is made, anticipated before the commencement of trading on September 8, 2025. This move is part of PolarX’s strategic efforts to secure necessary funding and maintain transparency with stakeholders.
More about PolarX Ltd
PolarX Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company is primarily engaged in capital raising activities to support its operations and projects.
Average Trading Volume: 7,238,822
Technical Sentiment Signal: Buy
Current Market Cap: A$38.01M
For an in-depth examination of PXX stock, go to TipRanks’ Overview page.