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Cassius Mining Limited (ASX:CMD)

ALERT: Price-sensitive ASX Announcement for CMD
Current share price for CMD : $0.035 0.005 (16.67%)+
Announcement
Release
17 Dec 2025 10:00AM
Price at Release
$0.030
Full Release
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Summary
Cassius Mining Limited announced a successful capital raising initiative, securing firm commitments to raise $1,163,532 from sophisticated and professional investors. This was achieved through the issuance of 38,784,400 new fully paid ordinary shares at a price of $0.03 per share. The funds will be allocated towards advancing the Soalara project in Madagascar, pursuing litigation in Ghana, and general working capital purposes. The placement leverages the company's existing capacity under ASX Listing Rule 7.1, and the announcement was authorized for release by the Board.
Key Points
  • Cassius Mining Limited raised $1,163,532.
  • 38,784,400 new shares issued at $0.03 each.
  • Funds for Soalara project, Ghanaian litigation, and working capital.
  • Placement under existing ASX Listing Rule 7.1 capacity.
  • Announcement authorized by the Board.
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.