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Sky Metals Limited (ASX:SKY)

ALERT: Price-sensitive ASX Announcement for SKY
Current share price for SKY : $0.235 0.045 (23.68%)+
Announcement
Release
13 Feb 2026 9:53AM
Price at Release
$0.190
Full Release
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Summary
Sky Metals Limited has successfully raised $20.5 million through a share placement to advance its Tallebung Tin Project in central New South Wales. This capital raise involves issuing approximately 132.2 million new fully-paid ordinary shares at $0.155 per share, with a portion committed by the company's directors pending shareholder approval. The funds will be used for resource expansion, updating the mineral resource estimate, bulk sampling, metallurgical test work, and environmental studies. This significant funding positions Sky Metals to accelerate the development of the Tallebung project, which is seen as a near-term tin production opportunity and a key growth driver. The company also plans to allocate resources to its Doradilla Project, aiming to expand its mineralized footprint and develop it into a large-scale tin deposit.
Key Points
  • Sky Metals has raised $20.5 million through a share placement.
  • The placement involves approximately 132.2 million new shares at $0.155 each.
  • Funds will advance the Tallebung Tin Project in NSW, Australia.
  • The capital will support resource expansion, updated mineral resource estimates, and environmental studies.
  • A portion of the funds is allocated to the Doradilla Project for further development.
  • Sky Metals sees this as an acceleration towards near-term tin production.
  • Bell Potter Securities Ltd acted as the Lead Manager for the placement.
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.