ASX:29MMetals and Mining
A Look At 29Metals (ASX:29M) Valuation After Its Large Follow On Equity Offer And Rights Issue
Why 29Metals is back on investor radars
29Metals (ASX:29M) has drawn fresh attention after lodging a sizeable follow on equity offering of about A$149.8m, paired with a rights issue and an associated ex dividend date on January 21, 2026.
The offer covers more than 374 million ordinary shares at A$0.40, issued at a A$0.022 discount per share, raising questions for existing and prospective shareholders about dilution, capital structure, and potential valuation resets.
See our latest analysis...