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Resouro Strategic Metals Inc (ASX:RAU)

ALERT: Price-sensitive ASX Announcement for RAU
Current share price for RAU : $0.320 -0.025 (-7.25%)+
Announcement
Release
22 Oct 2025 9:11AM
Price at Release
$0.345
Full Release
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Summary
Resouro Strategic Metals Inc. has successfully completed the final tranche of its non-brokered private placement, raising a total of CAD$3,000,000. This funding will enable the advancement of the Tiros project and other strategic initiatives. The final tranche involved the issuance of 10,000,000 units at CAD$0.20 per unit, each comprising one common share and a half warrant. A notable strategic investor, Jose Luis Manzano, joined this capital raise, bringing valuable experience and network to support the company's growth ambitions. The funds will primarily support engineering and metallurgical programs necessary for the Preliminary Economic Assessment of the Tiros project, along with general working capital. All securities issued are subject to a statutory hold period as per applicable securities legislation.
Key Points
  • Completion of final tranche of private placement raising CAD$3,000,000.
  • Issuance of 10,000,000 units at CAD$0.20 per unit.
  • Each unit comprises one common share and a half warrant.
  • Funds to be used for engineering and metallurgical programs for Tiros project.
  • Jose Luis Manzano, a strategic investor, joins the capital raise.
  • Securities subject to a statutory hold period according to securities legislation.
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.