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Mount Hope Mining Limited (ASX:MHM)

ALERT: Price-sensitive ASX Announcement for MHM
Current share price for MHM : $0.200 0.04 (25%)+
Announcement
Release
17 Aug 2026 8:58AM
Price at Release
$0.160
Full Release
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Summary
Mount Hope Mining Limited announced a strategic placement of $1.82 million to accelerate the exploration of its Mt Solitary project in New South Wales. The placement, led by Ronin Metals, involves the issuance of 12,539,655 shares, with Ronin Metals becoming a major shareholder and having the right to nominate a board member. The funds raised will support the Phase 3 drilling program at Mt Solitary and strengthen the company's financial position for further project development.
Key Points
  • Mount Hope Mining Limited secured a strategic $1.82 million placement led by Ronin Metals.
  • Ronin Metals, led by Simon Lawson, Craig Jones, and David Coyne, becomes a major shareholder.
  • The placement involves issuing 12,539,655 fully paid ordinary shares at $0.145 each.
  • Funds will accelerate exploration at the Mt Solitary project in New South Wales.
  • Ronin Metals has the right to nominate a board member while holding at least 10% shares.
  • Phase 3 drilling program has commenced at Mt Solitary.
  • The placement strengthens Mount Hope Mining's financial position for aggressive project development.
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.