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Resouro Strategic Metals Inc (ASX:RAU)

ALERT: Price-sensitive ASX Announcement for RAU
Current share price for RAU : $0.325 0.03 (10.17%)+
Announcement
Release
9 Jul 2026 9:40AM
Price at Release
$0.295
Full Release
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Summary
Resouro Strategic Metals Inc., an exploration and development company, has announced a non-brokered private placement to raise up to C$2,000,000. This capital will be raised through the sale of up to 8,000,000 common shares at a price of C$0.25 each. The proceeds from this offering are intended to fund pre-feasibility studies and continue the development of the Tiros rare earth and titanium project in Minas Gerais, Brazil. The placement is expected to close in multiple tranches and is subject to a four-month resale restriction in accordance with securities laws. Necessary regulatory approvals are pending.
Key Points
  • Resouro Strategic Metals Inc. announces a non-brokered private placement.
  • The offering includes up to 8,000,000 common shares at C$0.25 per share.
  • The total gross proceeds expected are up to C$2,000,000.
  • Proceeds will be used for pre-feasibility studies and advancing the Tiros project in Brazil.
  • The Tiros project is focused on rare earth and titanium exploration.
  • The offering is subject to regulatory approvals and is expected to close in multiple tranches.
  • Shares will have a four-month resale restriction as per securities laws.
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.