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Red Mountain Mining Ltd ( (AU:RMX) ) has provided an update.
Red Mountain Mining Limited has announced a proposed issue of securities, including 28,000,000 unquoted options and 66,666,667 ordinary fully paid shares. This move is part of a placement or other type of issue, with the proposed issue date set for June 10, 2026. The announcement may impact the company’s operations by potentially increasing its capital base, which could influence its market positioning and stakeholder interests.
More about Red Mountain Mining Ltd
Average Trading Volume: 13,000
Technical Sentiment Signal: Buy
Current Market Cap: €2.11M
Learn more about RMX stock on TipRanks’ Stock Analysis page.