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FMR Resources Limited (ASX:FMR)

ALERT: Price-sensitive ASX Announcement for FMR
Current share price for FMR : $0.350 -0.035 (-9.09%)+
Announcement
Release
11 Jun 2026 9:00AM
Price at Release
$0.385
Full Release
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Summary
FMR Resources Limited announced a $5 million equity raising through a placement to accelerate exploration across its Chilean portfolio, particularly the La Lorena and Llahuin Projects. This placement includes both existing and new institutional investors, with significant participation from directors and management. The funds will not only support exploration efforts but also contribute to the company's Canadian Project and general working capital. The placement, led by Euroz Hartleys, will be executed in two tranches, with the second tranche pending shareholder approval.
Key Points
  • $5 million equity raising to accelerate exploration in Chile.
  • Placement includes major shareholder Mark Creasy and new investors.
  • Directors and management subscribed for approximately $450k.
  • Euroz Hartleys acted as Sole Lead Manager for the Placement.
  • Funds to support La Lorena and Llahuin Projects, Canadian Project, and working capital.
  • The Placement was at a 11.7% discount to the last closing price.
  • The equity raising will occur in two tranches.
  • Tranche 1 to raise $3.9 million and Tranche 2 to raise $1.1 million.
  • Tranche 2 is subject to shareholder approval.
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.