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Frontier Energy Limited (ASX:FHE)

ALERT: Price-sensitive ASX Announcement for FHE
Current share price for FHE : $0.203 -0.058 (-22.12%)+
Announcement
Release
4 Jun 2026 9:24AM
Price at Release
$0.260
Full Release
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Summary
Frontier Energy Limited, listed on the ASX as FHE, announced it has secured firm commitments to raise A$110 million before costs through a conditional placement. This funding is intended for the financing of Stage One of the Waroona solar-battery project. The placement involves issuing 550 million new fully paid ordinary shares at A$0.20 each. This initiative requires shareholder approval and contingent upon securing credit-approved commitments for senior project debt finance expected by July 2026. The updated capital cost for Stage One is estimated at approximately $310 million pre-contingency. The placement is supported by the company's directors and involves commitments from institutional and sophisticated investors. A general meeting for shareholder approval is scheduled for July 2026.
Key Points
  • Frontier Energy Limited to raise A$110 million for Stage One financing.
  • 550 million new shares to be issued at A$0.20 each.
  • Requires shareholder approval and senior debt finance commitments.
  • Updated capital cost for Stage One is ~$310 million pre-contingency.
  • General meeting for approval set for July 2026.
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.