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Future Metals NL (ASX:FME)

ALERT: Price-sensitive ASX Announcement for FME
Current share price for FME : $0.008 -0.009 (-52.94%)+
Announcement
Release
19 Aug 2026 9:27AM
Price at Release
$0.017
Full Release
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Summary
Future Metals NL has secured firm commitments for a $3.6 million placement to support the advancement of its Panton PGM Project in the eastern Kimberley region of Western Australia. The funds will be utilized for an updated Scoping Study, environmental studies, and exploration activities, including potential acquisition negotiations for the Savannah Plant. The placement involves two tranches, with Tranche 1 raising $3.0 million and Tranche 2 involving $565,000 subject to shareholder approval. The placement, managed by Blue Ocean Equities and CPS Capital, is expected to provide financial flexibility for project development and exploration.
Key Points
  • Future Metals NL received commitments for a $3.6 million placement.
  • Funds to be used for advancing the Panton PGM Project.
  • Tranche 1 and Tranche 2 of placement to raise $3.0m and $565k respectively.
  • Placement priced at $0.014 per share, a discount to recent share prices.
  • Funds will support scoping and environmental studies, and exploration.
  • Placement managed by Blue Ocean Equities and CPS Capital.
  • Proceeds help facilitate negotiations for the Savannah Plant acquisition.
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.