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Ragusa Minerals Ltd ( (AU:RAS) ) has shared an update.
Ragusa Minerals Ltd has lodged an Appendix 3B notice with the ASX outlining its intention to undertake a new placement or similar type of capital raising. The company plans to issue up to 20 million new fully paid ordinary shares, with the proposed issue date set for 29 January 2026, subject to ASX processes. This equity issuance will expand Ragusa’s share base and is expected to provide additional funding capacity for its mineral exploration and related corporate activities, with implications for dilution among existing shareholders and the company’s near-term capital structure.
The most recent analyst rating on (AU:RAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Ragusa Minerals Ltd stock, see the AU:RAS Stock Forecast page.
More about Ragusa Minerals Ltd
Ragusa Minerals Ltd is an Australian-listed resources company (ASX: RAS) operating in the minerals sector, with its core business focused on the exploration and development of mineral assets. The company participates in capital markets via the ASX to fund its exploration and project activities and to support ongoing corporate operations.
Average Trading Volume: 352,266
Technical Sentiment Signal: Hold
Current Market Cap: A$5.7M
Learn more about RAS stock on TipRanks’ Stock Analysis page.