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Podium Minerals Ltd. ( (AU:POD) ) has issued an update.
Podium Minerals Ltd. has announced a pro-rata non-renounceable entitlement offer to raise approximately A$7.0 million by issuing around 109.7 million new shares at 6.4 cents each. The offer is fully underwritten by Leeuwin Wealth and is only open to eligible shareholders in Australia, New Zealand, and the United Kingdom, excluding those in the United States. This move aims to strengthen the company’s financial position and support its ongoing projects, although it excludes ineligible shareholders due to regulatory and cost considerations.
More about Podium Minerals Ltd.
Podium Minerals Ltd. operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily deals with platinum group metals and other valuable minerals, targeting markets in Australia and potentially expanding to other regions.
Average Trading Volume: 2,647,630
Technical Sentiment Signal: Buy
Current Market Cap: A$76.45M
Learn more about POD stock on TipRanks’ Stock Analysis page.