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Amara Minerals Limited (ASX:AM3)

ALERT: Price-sensitive ASX Announcement for AM3
Current share price for AM3 : $0.004 0 (0%)+
Announcement
Release
16 Jun 2026 9:41AM
Price at Release
$0.004
Full Release
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Summary
Amara Minerals Limited (ASX:AM3) has secured commitments for a $2.2 million placement, priced at a 25% premium to the last traded price, to fund exploration projects in Victoria, Australia. The placement, which includes attaching options subject to shareholder approval, attracted strong interest, with Nova Minerals Limited increasing its investment. Funds will support ongoing drilling at Lauriston and Apollo, capitalizing on recent high-grade antimony results, amid growing governmental support for antimony processing in the region.
Key Points
  • Amara Minerals Limited has secured firm commitments for a placement to raise $2.2 million.
  • The placement is priced at $0.005 per share, a 25% premium to the last traded price.
  • Nova Minerals Limited increases its strategic investment with a further $500,000.
  • Chairman Mena Habib and Managing Director Ian Holland will participate in the placement.
  • Funds will support drilling at Lauriston and Apollo projects.
  • Placement includes 220,000,000 attaching AM3OA Options, subject to shareholder approval.
  • Strong demand for placement evidenced by premium to the last traded price and VWAP.
  • The placement will aid continued diamond drilling and assess new opportunities.
  • Barclay Pearce Capital acted as sole lead adviser to the placement.
  • The Victorian Government launched the Advancing Antimony Grants Program supporting the industry.
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.