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Alara Resources launches $3.84 million entitlement offer with partial underwriting by ATI

9:19am on Wednesday 8th of July, 2026 AEST Mining
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Alara Resources launches $3.84 million entitlement offer with partial underwriting by ATI

9:19am on Wednesday 8th of July, 2026 AEST
Key Points
  • Entitlement offer to raise up to $3.84 million at $0.032 per share
  • Partial underwriting by ATI capped at $1.6 million, subject to shareholder approval
  • Funds directed to exploration at Block 22B, Block 8, Daris projects and working capital
  • Potential dilution of up to 13% for existing shareholders
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