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Connected Minerals Limited (ASX:CML)

ALERT: Price-sensitive ASX Announcement for CML
Current share price for CML : $0.375 0.055 (17.19%)+
Announcement
Release
5 Aug 2026 5:39PM
Price at Release
$0.320
Full Release
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Summary
Connected Minerals Ltd has allotted 27,272,728 shares at an issue price of A$0.165 per share, raising A$4.5 million as part of a transaction to acquire Frontier Group CRM Pty Ltd. This acquisition includes a significant niobium-rare earth element deposit in Angola. Shareholders approved the necessary resolutions on July 28, 2026. This allotment fulfills the capital raising requirement under the Share Sale Agreement, paving the way for completion of the transaction. The company will announce once the transaction is formally completed.
Key Points
  • Connected Minerals Ltd announced the allotment of 27,272,728 fully paid ordinary shares at $0.165 per share.
  • The capital raise amounted to A$4.5 million before costs.
  • The allotment of shares was part of a transaction to acquire Frontier Group CRM Pty Ltd.
  • Shareholders approved all necessary resolutions for the transaction at a General Meeting on 28th July 2026.
  • The acquisition involves a significant niobium-rare earth element mineralised carbonatite complex in Angola.
  • The transaction and capital raising satisfy conditions under the Share Sale Agreement.
  • Completion of the transaction will lead to the issuance of consideration shares and performance shares to Frontier's vendors.
  • The company will inform the market once the transaction is formally completed.
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.