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PTR Minerals Ltd (ASX:PTR)

ALERT: Price-sensitive ASX Announcement for PTR
Current share price for PTR : $0.100 -0.165 (-62.26%)+
Announcement
Release
2 Dec 2025 9:47AM
Price at Release
$0.265
Full Release
download
Summary
PTR Minerals Ltd has successfully raised $12 million through a share placement to fund the advancement of the Rosewood Titanium Project. The placement was well-received by both existing and new investors, including institutional participants. Priced at $0.25 per share, the funds will primarily be used for further exploration and development studies at Rosewood and the larger Muckanippie HM Project. The placement was managed by Taylor Collison and Argonaut Securities, and the new shares will rank equally with existing shares on the ASX.
Key Points
  • $12 million successfully raised through share placement
  • Placement priced at $0.25 per share
  • Funds to advance Rosewood Titanium Project and Muckanippie HM Project
  • Placement supported by existing and new institutional investors
  • Taylor Collison and Argonaut Securities acted as Joint Lead Managers
  • Proceeds to fund drilling programs and preparation for mining license application
  • Rosewood project area extends over 40km2 with high-grade strandlines
  • Metallurgical tests show strong recoveries and high-quality HMC product
  • New shares to rank equally with existing ASX listed shares
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.