ASX:29MMetals and Mining
Why 29Metals (ASX:29M) Is Up 17.9% After A$150m Rights Issue Announcement And What's Next
29Metals Limited recently filed for a follow-on equity offering of approximately A$149.78 million, issuing a total of 374,440,276 ordinary shares at A$0.40 each under a Regulation S rights issue structure.
The capital raise, combined with a rights-issue ex-dividend date on 21 January 2026, highlights both the company’s need for fresh equity and the use of tradable rights to balance existing shareholder participation.
With these capital-raising terms in focus, we’ll examine how the sizeable...