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How Will 29Metals’ $150m Entitlement Offer Shape Its Recovery and Growth?

8:38am on Wednesday 28th of January, 2026 AEDT Mining
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How Will 29Metals’ $150m Entitlement Offer Shape Its Recovery and Growth?

8:38am on Wednesday 28th of January, 2026 AEDT
Key Points
  • Fully underwritten 1 for 3.66 entitlement offer at $0.40 per new share
  • Institutional component raised approximately $119 million
  • Retail component expected to raise around $31 million
  • Proceeds to support Gossan Valley investment, Capricorn Copper restart study, and exploration drilling
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