Robex Resources Announces A$120M IPO for ASX Listing

Robex Resources ( (TSE:RBX) ) just unveiled an update.

Robex Resources has lodged a prospectus with the Australian Securities and Investment Commission for an Initial Public Offering (IPO) to raise A$120 million, aiming to list on the Australian Securities Exchange in June 2025. The funds will be used to ensure the development and construction of the Kiniero Gold Project, which is expected to begin production in late 2025. This strategic move is anticipated to enhance trading activity and volume, benefiting shareholders and strengthening Robex’s market presence.

Spark’s Take on TSE:RBX Stock

According to Spark, TipRanks’ AI Analyst, TSE:RBX is a Neutral.

Robex Resources is positioned for growth with strong technical momentum and strategic corporate events. However, challenges in profitability and valuation metrics temper the overall outlook.

To see Spark’s full report on TSE:RBX stock, click here.

More about Robex Resources

Robex Resources is a West African gold producer and developer, currently listed on the TSX Venture Exchange in Canada. The company focuses on gold production and development projects in West Africa.

YTD Price Performance: 31.91%

Average Trading Volume: 41,935

Technical Sentiment Signal: Sell

Current Market Cap: C$468.9M

For an in-depth examination of RBX stock, go to TipRanks’ Stock Analysis page.