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Why Catalina Resources Sold Nelson Bay River and Raised Capital at 67% Premium

9:48am on Tuesday 24th of February, 2026 AEDT Mining
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Why Catalina Resources Sold Nelson Bay River and Raised Capital at 67% Premium

9:48am on Tuesday 24th of February, 2026 AEDT
Key Points
  • Binding divestment of Nelson Bay River Project to Newcam Metals
  • Release of A$827,200 rehabilitation security deposit to working capital
  • Placement of 3.62 million shares at A$0.115 each, 67% above last close
  • Issuance of attaching options subject to shareholder approval
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