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Heavy Rare Earths Limited (ASX:HRE)

ALERT: Price-sensitive ASX Announcement for HRE
Current share price for HRE : $0.045 0.007 (18.42%)+
Announcement
Release
19 Aug 2026 9:42AM
Price at Release
$0.038
Full Release
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Summary
Heavy Rare Earths Limited has issued a prospectus for a non-renounceable pro-rata entitlement offer to eligible shareholders, offering one new share for every eight shares held at a price of $0.028, aiming to raise approximately $728,119. The offer includes one free-attaching option for every two new shares subscribed, exercisable at $0.06 expiring on 26 February 2028. The prospectus also details secondary offers and the allocation of funds, which include drilling campaigns and strategic reviews for rare earths projects. The offers are not underwritten, and no minimum subscription is required. The funds raised will be applied to various projects and working capital, with the offer closing on 25 September 2026.
Key Points
  • Entitlement offer of one new share for every eight held at $0.028.
  • One free-attaching option per two new shares, expiring 26 February 2028.
  • Target to raise approximately $728,119.
  • Funds allocated for rare earths projects and working capital.
  • Offers are not underwritten and have no minimum subscription.
  • Closing date for the offer is 25 September 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.