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European Resources Relaunches $3.4M Rights Issue with Mahe Capital Underwriting

10:01am on Monday 13th of April, 2026 AEST Mining
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European Resources Relaunches $3.4M Rights Issue with Mahe Capital Underwriting

10:01am on Monday 13th of April, 2026 AEST
Key Points
  • 3-for-7 renounceable rights issue at $0.015 per share with attaching options
  • Offer partially underwritten for $1.5 million by Mahe Capital
  • Funds targeted at metallurgical test work and exploration in Finland and Slovakia
  • Korsnäs resource estimate increased 90% with promising drill and beneficiation results
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