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Apollo Minerals Limited (ASX:AON)

ALERT: Price-sensitive ASX Announcement for AON
Current share price for AON : $0.055 0.01 (22.22%)+
Announcement
Release
5 Feb 2026 9:24AM
Price at Release
$0.045
Full Release
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Summary
Apollo Minerals Limited announced that Tribeca Investment Partners has committed to invest $2.8 million in Apollo Minerals by subscribing for 70,000,000 new shares at $0.04 per share. This investment will make Tribeca a significant shareholder with approximately 5.6% ownership upon approval. The proceeds will be used to advance exploration and development activities at the Couflens High Grade Tungsten Gold Project in France, which includes the historical Salau mine. This investment is part of a larger capital raising initiative by Apollo Minerals. The company's Managing Director, Neil Inwood, expressed optimism about the collaboration with Tribeca to explore the untapped potential of Couflens.
Key Points
  • Tribeca Investment Partners to invest $2.8 million in Apollo Minerals.
  • Investment involves subscription for 70,000,000 new shares at $0.04 each.
  • Tribeca will own approximately 5.6% of Apollo Minerals post-investment.
  • Funds will be used for exploration and development at Couflens project.
  • Couflens project includes the historical Salau mine in France.
  • Investment deemed as validation of project’s scale and potential.
  • Managing Director Neil Inwood welcomes Tribeca as a strategic partner.
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.