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ENRG Elements Ltd (ASX:EEL)

ALERT: Price-sensitive ASX Announcement for EEL
Current share price for EEL : $0.002 0.001 (50%)+
Announcement
Release
27 Oct 2025 9:56AM
Price at Release
$0.001
Full Release
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Summary
ENRG Elements Ltd successfully completed an oversubscribed Entitlement Offer, raising $1.6 million with an additional $400,000 through a top-up placement to meet excess demand, totaling approximately $2 million. The funds will be directed towards evaluating and developing gold-focused projects in Central Asia and maintaining current projects. The offer resulted in the issuance of over 2 billion new shares and over 1 billion options, with Mahe Capital Pty Ltd serving as Lead Manager and Underwriter. The company's strategy focuses on uranium and copper projects critical for a clean energy future.
Key Points
  • Entitlement Offer aimed at raising $1.6 million closed oversubscribed.
  • Strong support from both existing shareholders and new investors.
  • A top-up placement of $400,000 was made to accommodate excess demand.
  • The total funds raised amount to approximately $2 million before costs.
  • Proceeds will be used for exploring and developing new gold-focused projects in Central Asia and maintaining existing projects.
  • 2,026,889,122 new shares and 1,013,444,575 options were issued.
  • Options are exercisable at $0.002 and expire on 24 October 2029, under the ASX code EELO.
  • Mahe Capital Pty Ltd acted as Lead Manager and Underwriter.
  • The company's focus is on exploring uranium and copper projects essential for clean energy.
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.