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Mt Monger Resources Ltd. ( (AU:MTM) ) has shared an announcement.
Metallium Ltd has issued 500,000 ordinary fully paid shares following the conversion of unlisted options, generating proceeds of $60,000. This issuance was conducted without disclosure under the Corporations Act, and the company has complied with all relevant provisions, ensuring the shares fall within the exemption for on-sale restrictions. This move signifies Metallium’s ongoing efforts to enhance its financial position and operational capabilities, potentially impacting its market presence and stakeholder interests positively.
The most recent analyst rating on (AU:MTM) stock is a Buy with a A$1.40 price target. To see the full list of analyst forecasts on Mt Monger Resources Ltd. stock, see the AU:MTM Stock Forecast page.
More about Mt Monger Resources Ltd.
Metallium Ltd is a company focused on pioneering a low-carbon, high-efficiency approach to recovering critical and precious metals from mineral concentrates and high-grade waste streams. Utilizing its patented Flash Joule Heating technology, Metallium extracts high-value materials such as gallium, germanium, antimony, rare earth elements, and gold from feedstocks like refinery scrap, e-waste, and monazite. The company is aligned with U.S. strategic supply chain objectives and has recently secured its first commercial site in Texas through its subsidiary, Flash Metals USA Inc.
Average Trading Volume: 7,342,546
Technical Sentiment Signal: Buy
Current Market Cap: A$646.2M
See more insights into MTM stock on TipRanks’ Stock Analysis page.