Marquee Resources Offers New Shares at $0.005 Each to Raise $1.02 Million

Rights Issue Details and Scale

Marquee Resources (ASX:MQR) has kicked off a modest capital raise through a non-renounceable rights issue, offering one new share for every five shares held at a price of $0.005 each. The company aims to raise up to approximately $1.02 million before costs, a relatively small but potentially pivotal injection of funds for the exploration-focused miner.

Alongside the new shares, shareholders subscribing will receive one free attaching option for every two new shares issued, sweetening the deal and potentially offering further upside if the company’s projects progress.

Offer Access and Timeline

The prospectus and personalised entitlement and acceptance forms have been dispatched electronically, with no hard copies being mailed out. Eligible shareholders can access their documents via the Automic Investor portal, reflecting a growing trend toward digital communication in capital raises.

The offer is set to close at 5:00pm (WST) on Monday, 27 July 2026, unless extended. This timeline gives shareholders just under two weeks to consider and participate in the raising.

Capital Raising Context and Use of Proceeds

While the announcement does not specify the use of the funds, previous disclosures indicate that the capital raise is intended to support Marquee’s ongoing exploration activities and recent acquisitions, including the Tungsten Mountain Project in Nevada. This rights issue follows earlier efforts to expand resource bases and secure technological licenses to enhance processing capabilities.

The relatively low price point and inclusion of free options suggest Marquee is balancing the need to attract shareholder participation with preserving cash for project development, a common approach for junior explorers navigating capital-intensive phases.