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An update from Strickland Metals Ltd ( (AU:STK) ) is now available.
Strickland Metals Ltd has lodged an Appendix 3B with the ASX outlining plans for a proposed placement of up to 344,458,970 new ordinary fully paid shares, with an expected issue date of 11 February 2026. The sizeable equity raise signals a move to bolster the company’s capital base, which could fund ongoing exploration or corporate initiatives and may have dilutive implications for existing shareholders while potentially strengthening Strickland’s financial position for future project development and market positioning.
The most recent analyst rating on (AU:STK) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Strickland Metals Ltd stock, see the AU:STK Stock Forecast page.
More about Strickland Metals Ltd
Strickland Metals Ltd is an Australian-listed resources company focused on the exploration and development of mineral assets, with its ordinary fully paid shares traded on the ASX under the code STK.
Average Trading Volume: 2,850,141
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$434.7M
See more data about STK stock on TipRanks’ Stock Analysis page.