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How Will 29Metals’ $150M Equity Raise Shape Its Recovery and Growth?
9:40am on Tuesday 20th of January, 2026 AEDT
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Mining
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How Will 29Metals’ $150M Equity Raise Shape Its Recovery and Growth?
9:40am on Tuesday 20th of January, 2026 AEDT
Key Points
Fully underwritten 1 for 3.66 entitlement offer to raise $150 million
Offer price set at $0.40 per share, a 35.5% discount to last close
Funds to address production impact from 2025 seismic events and support Gossan Valley and Capricorn Copper projects
Major shareholders BUMA and AustralianSuper committed to participate
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29METALS (ASX:29M)
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