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Mt Malcolm Mines NL (ASX:M2M)

ALERT: Price-sensitive ASX Announcement for M2M
Current share price for M2M : $0.008 0.002 (33.33%)+
Announcement
Release
12 Jun 2026 10:18AM
Price at Release
$0.006
Full Release
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Summary
Mt Malcolm Mines NL has successfully completed a non-renounceable rights issue that was announced on 6 May 2026, raising a total of $1,037,697 before costs. This capital raise will enable the company to issue 148,242,484 new fully paid ordinary shares. The funds are intended to support a processing plant feasibility study for a 500,000 tonnes per annum CIP facility at Leonora, WA, and to advance exploration projects at the Malcolm Gold Project, including gold, volcanic hosted massive sulphide, and rare earth element targets. Mahe Capital Pty Ltd acted as the lead manager for this issue. The completion of the rights issue demonstrates strong shareholder support and commitment from directors and management who participated in the offer.
Key Points
  • Non-renounceable rights issue completed.
  • Raised $1,037,697 before costs.
  • 148,242,484 new shares to be issued.
  • Funds to support processing plant feasibility study.
  • Advancement of exploration at Malcolm Gold Project.
  • Mahe Capital Pty Ltd as Lead Manager.
  • Strong shareholder and management support.
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.