Red Metal Limited Ups Stake in Maronan Metals

Red Metal Limited (AU:RDM) has released an update.

Red Metal Limited has reported an increase in their voting power in Maronan Metals Limited, now holding 43.98% due to the conversion of performance rights into 4 million ordinary shares. This change, marked on June 17, 2024, reflects a rise from their previous voting power of 42.84%. The disclosure, signed by director Robert Rutherford, formalizes Red Metal Limited’s growing influence in the company.

For further insights into AU:RDM stock, check out TipRanks’ Stock Analysis page.