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QPM Energy ( (AU:QPM) ) has issued an update.
QPM Energy Limited has successfully raised $30.3 million through an oversubscribed share placement and signed a non-binding term sheet for a $40 million convertible note investment. These financial moves provide a clear pathway for funding the development of the 112MW Isaac Power Station, with the support of institutional investors and a potential note investor. The funds will be used for capital expenditure, pre-construction activities, and general working capital, ensuring the project remains on schedule for commissioning in mid-2027.
The most recent analyst rating on (AU:QPM) stock is a Buy with a A$0.09 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.
More about QPM Energy
QPM Energy Limited is a company operating in the energy sector, focusing on the development of power stations. Its primary project is the 112MW Isaac Power Station, which aims to enhance the company’s portfolio of assets and growth opportunities.
Average Trading Volume: 6,011,221
Technical Sentiment Signal: Hold
Current Market Cap: A$123.6M
For detailed information about QPM stock, go to TipRanks’ Stock Analysis page.