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McLaren Minerals Limited (ASX:MML)

ALERT: Price-sensitive ASX Announcement for MML
Current share price for MML : $0.011 -0.005 (-31.25%)+
Announcement
Release
14 May 2026 10:41AM
Price at Release
$0.016
Full Release
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Summary
McLaren Minerals Limited announced the successful completion of its Share Purchase Plan (SPP), raising A$1.65 million to fund the Bankable Feasibility Study and exploration at the Barossa Project. The SPP, which closed on 8 May 2026, received valid applications totaling approximately A$707,500, supplemented by a A$150,000 placement to a major shareholder. Leeuwin Wealth Pty Ltd underwrote the SPP up to A$1.5 million. Eligible shareholders who subscribed to new shares were offered one free option for every two shares purchased. The funds will be directed towards feasibility studies, exploration, and general working capital. McLaren Minerals focuses on developing its titanium project in Western Australia and recently acquired the zircon-rich Barossa Project in South Australia.
Key Points
  • Successful completion of Share Purchase Plan raising A$1.65m
  • Funds directed to Bankable Feasibility Study and Barossa Project exploration
  • SPP underwritten by Leeuwin Wealth Pty Ltd
  • Shareholders offered one free option per two new shares subscribed
  • McLaren Minerals focuses on titanium and zircon projects
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.