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Reward Minerals Limited ( (AU:RWD) ) has issued an update.
Reward Minerals Limited has issued 2,000,000 fully paid ordinary shares following a Definitive Asset Purchase Agreement. The shares were issued without disclosure to investors under specific sections of the Corporations Act, and the company has complied with all relevant reporting and disclosure obligations. This issuance is part of Reward’s strategic efforts to strengthen its market position and continue its development projects, potentially impacting its operations and stakeholders positively.
The most recent analyst rating on (AU:RWD) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Reward Minerals Limited stock, see the AU:RWD Stock Forecast page.
More about Reward Minerals Limited
Reward Minerals Limited is an ASX-listed company specializing in the exploration and development of sulphate of potash. Its primary project is the Carnarvon Potash Project in north-western Western Australia. The company is also developing a proprietary processing technology for extracting high-purity sulphate of potash from seawater and other high sulphate brines, for which it has filed a patent application.
Average Trading Volume: 108,164
Technical Sentiment Signal: Sell
Current Market Cap: A$10.34M
For an in-depth examination of RWD stock, go to TipRanks’ Overview page.