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Tyranna Resources Limited ( (AU:TYX) ) has provided an update.
Tyranna Resources has issued 132,599,376 new shares at $0.003 each to the vendors of Angolan Minerals Pty Ltd as consideration for acquiring a further 17.68% of Angolan Minerals’ issued capital, advancing its interest in the Angolan lithium project. The company stated that the shares were issued without a prospectus under the Corporations Act cleansing provisions, confirmed its compliance with financial reporting and continuous disclosure obligations, and noted there is no excluded information requiring disclosure, indicating a routine capital issuance to support its strategic expansion in critical minerals.
More about Tyranna Resources Limited
Tyranna Resources Ltd is an Australian ASX-listed exploration company focused on the discovery and development of battery and critical minerals in Australia and overseas. The company owns a 72% stake in a 207 km² lithium exploration project in the emerging Giraul pegmatite field in Angola and also holds prospective nickel and gold tenements, primarily in Western Australia.
Technical Sentiment Signal: Sell
Current Market Cap: A$10.1M
Learn more about TYX stock on TipRanks’ Stock Analysis page.