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

Completes T1 of Upsized Private Placement Raising $2.5m

Release

7 Aug 2026 9:33AM

Price at Release

$0.325

Full Release

Summary

Resouro Strategic Metals Inc. announced the completion of the first tranche of its upsized non-brokered private placement, raising $2.5 million by issuing 10,000,000 common shares at $0.25 per share. The first closing involved issuing 7,440,000 shares for $1,860,000, with a remainder to be issued soon. Proceeds will fund environmental programs and a Preliminary Feasibility Study for the Tiros project, with use also for working capital. This offering is subject to TSX Venture Exchange approval, with a four-month hold period for securities issued under Canadian law.

Key Points

Resouro Strategic Metals Inc. completed the first tranche of an upsized private placement.
Total amount raised is $2.5 million through the issuance of 10,000,000 common shares.
First closing involved issuing 7,440,000 shares for $1,860,000.
The funds will support environmental programs and a Preliminary Feasibility Study for the Tiros project.
A four-month hold period applies to securities issued under Canadian law.
Final approval is pending from the 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.