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Almasar Minerals Launches $12 Million IPO for Saudi Gold-Copper Exploration

5:18pm on Thursday 27th of August, 2026 AEST Mining
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Almasar Minerals Launches $12 Million IPO for Saudi Gold-Copper Exploration

5:18pm on Thursday 27th of August, 2026 AEST
Key Points
  • IPO to raise $8–12 million at $0.20 per share
  • Five granted exploration licences covering ~420 km² in Saudi Arabia
  • Focus on orogenic gold, VMS, and porphyry copper-gold systems
  • Company currently loss-making and reliant on capital raises
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