Neometals Ltd (AU:NMT) has released an update.
Neometals Ltd has launched a 1 for 12 entitlement offer to raise approximately A$5 million by offering new shares at A$0.09 each. This move follows a recent placement that secured around A$4 million, allowing eligible shareholders to apply for additional shares beyond their entitlement. The offer is set to close on October 30, 2024, providing an opportunity for investors to increase their stake in this sustainable technology company.
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