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An update from Petratherm Ltd ( (AU:PTR) ) is now available.
PTR Minerals Limited has issued 46,800,000 fully paid ordinary shares without disclosure to investors under the Corporations Act 2001. This move aligns with the company’s compliance with relevant legal provisions and indicates a strategic step in its ongoing exploration and development efforts in South Australia’s mineral-rich regions. The issuance of shares is likely to support PTR Minerals’ exploration projects, potentially enhancing its market position and offering growth opportunities for stakeholders.
More about Petratherm Ltd
PTR Minerals Limited (ASX: PTR) is a critical minerals explorer focused on discovering world-class deposits in both frontier and mature mineral provinces. The company has significant projects in the northern Gawler Craton in South Australia, where it has discovered titanium-rich heavy mineral sands at its Muckanippie Project. PTR Minerals also explores copper, gold, and rare earth projects, with notable sites in the Olympic Copper-Gold Province and the Comet Project, which has shown significant rare earths in shallow clays.
Average Trading Volume: 272,916
Technical Sentiment Signal: Buy
Current Market Cap: A$90.12M
For a thorough assessment of PTR stock, go to TipRanks’ Stock Analysis page.