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Desert Minerals Ltd. ( (AU:DSM) ) has issued an update.
Desert Minerals Limited has announced an initial public offering (IPO) to raise $5 million through the issuance of 25 million shares at $0.20 each. This offering includes a priority offer for eligible shareholders and secondary offers, with the funds aimed at supporting the company’s mineral exploration and development projects. The IPO is not underwritten, and the company highlights the speculative nature of the investment, advising potential investors to consider associated risks.
More about Desert Minerals Ltd.
Desert Minerals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in projects that potentially include valuable mineral deposits, positioning itself within the competitive mining sector.
Find detailed analytics on DSM stock on TipRanks’ Stock Analysis page.