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Firetail Resources Announces New Securities Issue to Support Growth

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Firetail Resources Announces New Securities Issue to Support Growth

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Firetail Resources Limited ( (AU:FTL) ) has issued an update.

Firetail Resources Limited has announced a proposed issue of securities, including 10 million unlisted options exercisable at $0.10 each and 50 million fully paid ordinary shares, scheduled for issuance on February 20, 2025. This strategic move aims to bolster the company’s financial position and support its ongoing exploration and development activities, potentially enhancing its competitive stance in the mineral resources sector.

More about Firetail Resources Limited

Firetail Resources Limited operates in the resources industry, focusing on the exploration and development of mineral resources. The company is engaged in identifying and extracting valuable mineral deposits, with an emphasis on expanding its market presence and resource portfolio.

YTD Price Performance: -24.05%

Average Trading Volume: 158,573

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$19.89M

See more data about FTL stock on TipRanks’ Stock Analysis page.

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