Fortescue Metals Group Ltd ( (AU:FMG) ) has shared an update.
Fortescue Metals Group Ltd, along with its associated entities including FMG Pilbara Pty Ltd and Tattarang Pty Ltd, has acquired a substantial holding in Red Hawk Mining Limited. On January 26, 2025, Fortescue became a substantial holder with a relevant interest in 39,942,314 fully paid ordinary shares of Red Hawk Mining, representing a 19.99% voting power. This acquisition was made through Call Option Deeds with OCJ Investment (Australia) Pty Ltd and TIO (NZ) Limited. The exercise price was set at $1.05 per share. This strategic acquisition enhances Fortescue’s influence within Red Hawk Mining, potentially affecting its future operations and stakeholder dynamics.
More about Fortescue Metals Group Ltd
YTD Price Performance: 1.07%
Average Trading Volume: 9,304
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $36.39B
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