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Genmin Raises A$25.7M to Drive Baniaka Iron Ore Project Forward
9:49am on Monday 17th of November, 2025 AEDT
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Mining
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Genmin Raises A$25.7M to Drive Baniaka Iron Ore Project Forward
9:49am on Monday 17th of November, 2025 AEDT
Key Points
A$25.7 million raised via two-tranche placement at A$0.01 per share
Directors convert A$8.3 million in loans to equity, signaling strong board confidence
Funds earmarked for Baniaka project final investment decision and pre-feasibility study completion
Placement includes attaching options and broker options, subject to shareholder approval
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