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Santana Minerals Raises $36.4 Million from Option Exercises

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Santana Minerals Raises $36.4 Million from Option Exercises

An update from Santana Minerals Ltd. ( (AU:SMI) ) is now available.

Santana Minerals Limited announced the expiration of its unlisted options convertible at $0.36 as of February 28, 2025, with approximately 5.3 million options not exercised. The company successfully raised around $36.4 million from exercised options, resulting in an estimated cash on hand of $56 million at the end of February 2025, indicating a strong financial position.

More about Santana Minerals Ltd.

YTD Price Performance: 16.67%

Average Trading Volume: 1,194,923

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: A$393.5M

See more data about SMI stock on TipRanks’ Stock Analysis page.

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