Sultan Resources Launches $1.16 Million Entitlement Offer

Sultan Resources Ltd. ( (AU:SLZ) ) has shared an update.

Sultan Resources Ltd has initiated a non-renounceable entitlement offer to raise approximately $1,157,349. The offer allows eligible shareholders in Australia and New Zealand to subscribe for one new share for every existing share held at an issue price of $0.005 per share. The offer, which opened on June 11, 2025, and is expected to close on June 20, 2025, aims to strengthen the company’s financial position and support its exploration activities. The company has provided electronic access to the offer documents and encourages shareholders to participate in the offer via the online portal.

More about Sultan Resources Ltd.

Sultan Resources is an Australian exploration company with a portfolio of quality assets in emerging discovery terranes. The company holds significant tenement packages in the South West terrane region of the Yilgarn Craton in Western Australia, focusing on nickel-cobalt and gold targets, as well as lithium-prospective claims in NW Ontario, Canada, and copper and gold prospects in the east Lachlan Fold Belt of Central NSW. Sultan Resources is committed to responsible metal discovery through modern exploration techniques to add value for its shareholders.

Technical Sentiment Signal: Sell

Current Market Cap: A$1.16M

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