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Resouro Strategic Metals Inc (ASX:RAU)

ALERT: Price-sensitive ASX Announcement for RAU
Current share price for RAU : $0.280 -0.045 (-13.85%)+
Announcement
Release
21 Oct 2025 9:04AM
Price at Release
$0.325
Full Release
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Summary
Resouro Strategic Metals Inc. has successfully completed the first tranche of its non-brokered private placement, raising CAD$1,000,000 through the issue of 5,000,000 units priced at CAD$0.20 per unit. Each unit includes one common share and one-half of a common share purchase warrant, with a total of 2,500,000 warrants issued. These warrants allow the holder to purchase an additional share at CAD$0.30 within three years of issuance. The company plans to follow up with a final tranche for an additional 10,000,000 units. Proceeds from this offering are earmarked for advancing the engineering program essential for the Preliminary Economic Assessment of the Tiros project and for general working capital. The issuance complies with Canadian securities laws and ASX Listing Rules, and no finder’s fees were involved. Final approval from the TSX Venture Exchange is pending.
Key Points
  • Completed first tranche of private placement for CAD$1,000,000.
  • Issued 5,000,000 units at CAD$0.20 each.
  • Units include one common share and one-half warrant.
  • Warrants allow purchase of additional share at CAD$0.30 each.
  • Proceeds to advance Tiros project and for working capital.
  • No finder’s fees paid.
  • Pending final approval from TSX Venture Exchange.
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.