Reward Minerals Issues New Shares Following Asset Purchase Agreement

Reward Minerals Limited ( (AU:RWD) ) has issued an update.

Reward Minerals has issued 150,000 fully paid ordinary shares following the execution of a Definitive Asset Purchase Agreement, using provisions that allow issuance without a full disclosure document under the Corporations Act. The company confirmed it remains compliant with all relevant reporting and continuous disclosure obligations and that there is no excluded information, paving the way for the newly issued shares to be quoted on the ASX.

The share issuance underscores Reward’s ongoing efforts to advance its potash portfolio and related assets while maintaining regulatory transparency. For investors, the move slightly enlarges the company’s capital base and signals progress on its asset acquisition strategy, which could support future development of its flagship Carnarvon Potash Project and proprietary processing technology.

More about Reward Minerals Limited

Reward Minerals is an ASX-listed advanced-stage sulphate of potash exploration and development company focused on fertiliser minerals. Its flagship asset is the 100%-owned Carnarvon Potash Project in north-western Western Australia, supported by a heritage agreement with the Yinggarda Aboriginal Corporation. The company also owns patented processing technology to recover high-purity sulphate of potash from seawater and other high-sulphate brines, which has received a positive international patentability assessment.

Average Trading Volume: 57,073

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$11.81M

For detailed information about RWD stock, go to TipRanks’ Stock Analysis page.