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Pioneer Minerals Limited (ASX:PMM)

ALERT: Price-sensitive ASX Announcement for PMM
Current share price for PMM : $0.140 0.015 (12%)+
Announcement
Release
29 Jul 2026 9:05AM
Price at Release
$0.125
Full Release
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Summary
Pioneer Minerals Limited announced it has secured firm commitments to raise $500,000 through a placement to professional investors. The placement will issue 4,545,455 new shares at $0.11 each, along with free-attaching options for every two shares purchased. These funds are allocated to advancing their exploration projects, particularly at the Springfield Tungsten-Gold-Gallium Project in Idaho. The placement is managed by 62 Capital Pty Ltd, with settlement expected by early August 2026.
Key Points
  • Pioneer Minerals has secured firm commitments for a $500,000 placement.
  • The placement involves issuing 4,545,455 new ordinary shares at $0.11 per share.
  • Subscribers will receive one free-attaching option for every two shares, exercisable at $0.20 expiring on 14 October 2028.
  • The funds will support exploration activities, particularly at the Springfield Tungsten-Gold-Gallium Project in Idaho.
  • The placement is managed by 62 Capital Pty Ltd, which will receive a 6% fee.
  • Settlement is expected on 3 August 2026, with shares quoted shortly thereafter.
  • The placement supports the advancement of Pioneer’s US critical minerals portfolio.
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.