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Athena Resources Limited (ASX:AHN)

ALERT: Price-sensitive ASX Announcement for AHN
Current share price for AHN : $0.004 -0.001 (-20%)+
Announcement
Release
4 May 2026 9:18AM
Price at Release
$0.005
Full Release
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Summary
Athena Resources Limited, listed on the ASX as AHN, announced a plan to raise $3.5 million through a two-tranche placement to advance the Narryer Project. The capital raise involves issuing up to 875 million shares at $0.004 per share. Binding commitments for $3 million have already been received, including significant contributions from major shareholder Fenix Resources and new strategic investor ResInvest. The funds will support exploration and development at the Narryer site, including drilling, resource definition, and feasibility studies with the goal of commencing mining operations. This initiative reflects strong confidence from stakeholders in the project's potential and Athena's strategic direction.
Key Points
  • Athena to raise $3.5 million to advance Narryer Project
  • Two-tranche placement of up to 875 million shares at $0.004 each
  • Received $3 million in commitments from Fenix and ResInvest
  • Funds to expedite drilling, resource definition, and feasibility studies
  • Narryer Project aims to commence mining operations
  • Support from stakeholders reflects confidence in Athena's strategy
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.