Resolution raises A$1.7m to advance antimony projects
ASX-listed Resolution Minerals has secured firm commitments for a A$1.7-million placement of fully paid ordinary shares in the company, aimed at advancing its recently announced antimony acquisitions. The funds will also support ongoing working capital needs.
The placement, which has garnered strong support from new and existing sophisticated investors, will see the issuance of about 154.5-million shares at an issue price of $0.011 a share.
In addition to the shares, participants in the placement will receive one option for every two shares purchased. These options will have an exercise price of $0.018 a share and an expiry date of July 31, 2028.
The capital raised through the placement will be directed towards the development of Resolution’s recently acquired antimony assets, as well as to provide working capital to support the company’s broader operations. With antimony prices currently at record highs, the company is well-positioned to capitalise on the growing demand for the metal, which is used in a range of industrial applications, including batteries and flame retardants.
Oakley Capital Partners acted as the lead manager for the placement.
“We are delighted to have received such strong support from new and existing shareholders in current market conditions. This further highlights the company’s current portfolio as well as the newly acquired antimony assets. We look forward to progressing these projects and updating the market accordingly," said MD Aharon Zaetz.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
ZF Aftermarket is the after-sales division of the world-renowned German ZF group, a global leader in mobility technology.
VISIT SHOWROOM
ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
