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29Metals Raises $119m Institutional Capital, Retail Offer Opens Late January

9:48am on Wednesday 21st of January, 2026 AEDT Materials
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29Metals Raises $119m Institutional Capital, Retail Offer Opens Late January

9:48am on Wednesday 21st of January, 2026 AEDT
Key Points
  • Institutional entitlement offer raises $119 million at $0.40 per share
  • Offer price represents a 30% discount to theoretical ex-rights price
  • Strong institutional shareholder support with 92% entitlement uptake
  • Retail entitlement offer to open 28 January, targeting $31 million
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