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Omnia Metals Group Limited (ASX:OM1)

ALERT: Price-sensitive ASX Announcement for OM1
Current share price for OM1 : $0.017 -0.007 (-29.17%)+
Announcement
Release
23 Apr 2026 4:34PM
Price at Release
$0.024
Full Release
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Summary
Omnia Metals Group Ltd announced the successful completion of a placement, issuing 75,054,176 fully paid ordinary shares at $0.02 per Share, raising $1,501,084 before costs. The funds from the placement are intended to progress the company's recent acquisition of critical minerals projects in the USA, specifically the Stibnite Ridge Thompson Falls Antimony & Silver Project and the Radix REE & Gallium Sheep Creek Project. The placement shares were allocated to professional and sophisticated investors and were issued under the company's existing placement capacity. The company plans to apply the funds to these projects and general working capital. Additionally, securities pending shareholder approval, including consideration shares and director participation shares, remain subject to upcoming shareholder votes.
Key Points
  • Issue of 75,054,176 fully paid ordinary shares at $0.02 per Share.
  • Raised $1,501,084 before costs.
  • Funds to be used for the Stibnite Ridge and Radix Projects in the USA.
  • Placement shares allotted to professional and sophisticated investors.
  • Placement issued under existing capacity per ASX Listing Rules 7.1 and 7.1A.
  • Securities pending shareholder approval include consideration and director shares.
  • Notice of Meeting to be dispatched to shareholders for 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.